2min chapter

Michael Covel's Trend Following cover image

Ep. 1146: Raymond Baker Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Shift Towards an Authoritarian Perspective in Western Countries

When I finished graduate school with an MBA in 1960, that was the high point of responsible capitalism. Beginning in the decade of the 1960s, capitalism began to take on a different motivation. What we now have over the last half century or more is a secrecy system that enables capitalism to operate out of the control of democracy and law. To me, that has been the most undermining aspect of what is happening in the democratic capital system over these years.

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