The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving 600: Jamie Dimon & CEOs Are Rethinking Capitalism – Here's What That Means for You
Nov 10, 2025
Seth Levine, a venture capitalist and co-author of Capital Evolution, alongside award-winning journalist Elizabeth McBride, delve into the future of capitalism. They discuss the shift from shareholder primacy to a more inclusive approach led by top CEOs like Jamie Dimon. The duo highlights the alarming decline in economic mobility and argues for the critical role of ownership in reshaping capitalism. They emphasize businesses' new responsibilities in driving economic reform and explore the impact of AI on future work dynamics, making for a thought-provoking conversation.
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Capitalism Needs An Update
- Capitalism remains the best system but needs updating from its recent neoliberal form.
- Seth Levine and Elizabeth MacBride argue for a renewed social compact between business, government, and citizens.
Stakeholder Purpose Is Mainstreaming
- The Business Roundtable's 2019 shift recognized stakeholders beyond shareholders as essential.
- Jamie Dimon led CEOs to state companies must consider employees, customers, and suppliers for long-term success.
Economic Mobility Has Collapsed
- Economic mobility in the U.S. has fallen dramatically over 50 years.
- Seth Levine cites a decline from ~25% to ~5% chance of moving from bottom to top quartile.
