Much, I suspect, to the modern left's surprise, capitalism has become a subject for intense debate among conservatives. One recent contribution to that discussion is Matthew McManus's Public Discourse article, “Social Transformation and the Market Economy.”
McManus maintains that there are serious flaws in my criticisms of R.R. Reno's much-read reassessment of the late Michael Novak's defense of capitalism and classical liberal institutions. Many of McManus's observations echo the more generic critiques of free markets that have gained traction in recent years among conservative intellectuals, especially younger ones.
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