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Ep. 1134: Derek Lidow Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Nature of Entrepreneurism in North Korea
No system can prevent entrepreneurs from finding out what people need that they're not getting and providing it. Entrepreneurs decide which rules they're going to follow and which they want. Governments are totally ineffective at regulating their entrepreneurs. Even the most authoritative North Korea are not able to regulate them because the entrepreneurs are one or two steps ahead.
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