Author: Matthew McManus (Matthew McManus)

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Social Transformation and the Market Economy: A Reply to Samuel Gregg

Capitalism in practice is crony capitalism. Profit-minded firms use every trick they can, including pushing for government intervention and protection, to pursue their self interest. Capitalism and liberal institutions are tremendously powerful social forces that operate both with and through the individuals who engage in economic and political activity. One of their primary features is the continuous revolution in values.