Jamie Dimon, CEO of JPMorgan Chase, expressed concerns about the dangers of global fragmentation, particularly within the Western world. In a Financial Times interview published on Tuesday, he warned that a fragmented world could resemble the period before World War I and World War II, where nations prioritized self-preservation over cooperation.
According to Dimon, such a shift would lead to countries focusing solely on their own security, potentially increasing the risk of nuclear weapon proliferation. He emphasized the importance of maintaining strong international ties to prevent a world where nations are left to manage their security.
Dimon also stressed that the US should not take its global leadership for granted, noting that the country must avoid isolationism and prioritize strengthening economic relationships to ensure democracy remains free and safe. "I would never take anything for granted," he stressed. Earlier, Dimon had warned of the risks of recession and inflation amid the tariffs pushed by the Trump administration.
