# SI407: Why America Is Rewriting the Rules of Capitalism ft. Cem Karsan

Page: https://stenobird.com/podcast/top-traders-unplugged-761537/si407-why-america-is-rewriting-the-rules-of-capitalism-ft-cem-karsan
Text version: https://stenobird.com/podcast/top-traders-unplugged-761537/si407-why-america-is-rewriting-the-rules-of-capitalism-ft-cem-karsan.md
Podcast: [Top Traders Unplugged](https://stenobird.com/podcast/top-traders-unplugged-761537)
Published: 2026-07-04T04:00:00+00:00
Episode link: http://localhost:8888/TopTradersUnplugged/ttu-2021/homepage/si407-why-america-is-rewriting-the-rules-of-capitalism-ft-cem-karsan
Audio file: https://episodes.captivate.fm/episode/09dc4398-9ca4-4087-983f-914614b90c35.mp3
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JSON: https://stenobird.com/v1/public/podcasts/top-traders-unplugged-761537/episodes/si407-why-america-is-rewriting-the-rules-of-capitalism-ft-cem-karsan
Duration seconds: 3709

## Resource

Markets may be entering one of the most important regime shifts in decades. Cem Karsan joins Niels Kaastrup-Larsen to argue that the United States is moving away from traditional free market capitalism towards a far more strategic model where government, markets and technology become increasingly intertwined. They discuss why positioning continues to dominate market behaviour, the growing role of sovereign investment, the future of AI driven capital spending, and why the next major turning point may arrive after the US midterm elections. It is a conversation that challenges conventional market thinking and explores how politics, policy and capital are becoming inseparable. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written  here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to  info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on  iTunes  or Spotify so more people can discover the podcast. Follow Cem on Twitter . Episode TimeStamps: 00:00 - America at 250 and why major turning points often arrive after two and a half centuries 03:43 - Why positioning matters more than headlines in today's markets 07:53 - Soft US jobs data and the disconnect between markets and the economy 09:15 - June performance review for trend followers and CTAs 15:14 - Why America may be adopting a more strategic form…

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