The Rise of Anticapitalist Capitalism

D.A. Wallach

Research

5 Pages

September 2026

D.A. Wallach argues American culture has embraced extreme risk-seeking — from meme-stock gambling to the AI trade to Trump-era politics — enabling a new “Anticapitalist Capitalism,” where tech founders frame profit-seeking as civilizational salvation rather than self-interest.

Global Macroeconomics

Join our newsletter to have all of this content + Exclusive Newsletter Bonus Content delivered to your inbox every week

Related Content

Global Macroeconomics

Diversifying U.S. Equity Exposure in a Concentrated Market

Oct 2026

AI

The Macro Implications of the AI Investment Boom: US and Europe

Oct 2026

Developed Markets

French Debt Dynamics and the Outlook for Europe

Oct 2026

The information contained in this communication is of a general nature for informational purposes only, and does not constitute financial, investment, tax or legal advice. The information contained within this communication reflects the opinions of those referenced herein, and do not reflect the opinions of The Idea Farm, L.P. and its affiliates. Such opinions expressed herein are as of the date of production and are subject to change at any time without notice due to various factors, including changing market conditions or tax laws. Where data or information prepared by third parties is presented, no representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by The Idea Farm, L.P. or any other person. While such sources are believed to be reliable, The Idea Farm, L.P. does not assume any responsibility for the accuracy or completeness of such information and does not undertake any obligation to update the information contained herein as of any future date. Any links to third party websites are offered only for use at your own discretion. The Idea Farm L.P., and its affiliates, are separate and unaffiliated from any third parties listed herein and are not responsible for their products, services, policies or the content of their website. All investments are subject to varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product referenced directly or indirectly in this communication will be profitable, perform equally to any corresponding indicated historical performance level(s), or be suitable for your portfolio. Past performance is not an indicator of future results.