'Capitalism may need modernizing,' says billionaire hedge fund manager Paul Tudor Jones

‘Capitalism may need modernizing,’ says Paul Tudor Jones

The 50-year old definition of capitalism in the U.S. is due for an overhaul because of income inequality, according to billionaire hedge fund manager and philanthropist Paul Tudor Jones . “Capitalism may need modernizing,” Jones, a legendary trader on Wall Street, told CNBC’s ” Squawk Box ” on Tuesday.