Reported 4 months ago
The article discusses the concerning trend of the decreasing number of public companies in the U.S., as highlighted by JPMorgan CEO Jamie Dimon. Factors contributing to this decline include mergers, regulatory hurdles, and the availability of private capital. The article emphasizes the importance of maintaining public markets to foster entrepreneurship and innovation, suggesting solutions such as easing regulatory hurdles, incentivizing public listings, and increasing financial literacy. It argues that neglecting public markets hampers the democratic component of the U.S. economy and calls for swift action to address this decline to ensure America's position as a hub for business innovation.
Source: YAHOO