A poor attempt at humor by someone in the JPMorgan Chase marketing department led to my faceoff with the co-founders of the Rochester Chapter of the Democratic Socialists of America (DSA) on live radio. Chase’s tweet made fun of those who can’t figure out how to keep their bank accounts out of the red. In our debate, I maintained that people should take responsibility for the consequences of their own actions while the DSA crowd advocated that people are victims of marketing and should get some relief from those who impose unreasonable costs on them.
You shouldn’t be surprised that we didn’t reach agreement. But it was something that I said to the younger of the two that stopped him in his tracks (although we didn’t explore it). I am on record as predicting that Millennials will save capitalism (see The Fourth Turning: How Millennials Will Save Capitalism) and cited the Conscious Capitalism Continue reading “It All Started with a Tweet”