Ep. 454: Socialistic Paradise with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Perils of Command Economics
When a country goes socialist and it craters, it's laughed off as a harmless and forgettable cautionary tale about the perils of command economics. When by contrast, a country go socialist and its economy does what Venezuela's did, it is not perceived to be a laughing matter. It suddenly looks like a threat to corporate capitalism,. especially when said country has valuable oil reserves that global powerhouses like the United States rely on.
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