When Paul Brodsky mentions the word “capitalism,” he gets “nostalgic.” The fact that the free market system is being silently destroyed without much public discussion “saddens” the economic strategist. In a macro world view when one force advocates repression of human desire and initiative and sees governments as superior economic arbiters, Brodsky, founder of Macro Allocation Inc., a portfolio consulting firm, prefers capitalism. But those with a controlling bent, who think free markets can be repressed with quantitative fairy dust and negative interest rates, they are currently bending markets almost to the point of breaking. These are the people who should…
Paul Brodsky Views "Capitalism" In the Past Tense
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.