Home
/
RELIGION & LIBERTY ONLINE
/
5 Reasons Millennials Should Support ‘Capitalism’
5 Reasons Millennials Should Support ‘Capitalism’
Mar 14, 2026 4:56 AM

A recent national survey by the Harvard Institute of Politics finds that a majority of Millennials (18- to 29-year olds) do not support capitalism as a political theory. One-third of them, however, do support socialism.

As a rule, I try not to put too much stock in such surveys because opinion polls make us dumb. But it’s e obvious that a significant portion of younger American are truly so under-educated that they truly believe socialism is preferable to capitalism.

Perhaps the problem is merely one of language. The reality is that the most ardent “capitalists” don’t like “capitalism” either.

Capitalism is merely an economic system in which the modes and means of production are mostly or entirely privately owned. That’s a rather broad categorization that includes such systems as corporatism, crony capitalism, social democracy, state capitalism, and welfare capitalism. Even those of us who can be described as “capitalists” would reject most of the other forms of capitalism we don’t like. (Which is why we tend to dislike the unhelpful word “capitalism.”)

What many of us (I’m tempted to say true capitalists) prefer is not an amorphous capitalism, but an economic system that is outgrowth of the natural order of liberty: a free economy. There’s no agreed upon term for the system of a free economy (which is why capitalism is often used as a substitute) but it includes free people engaging in free enterprise in free markets. A free economy is not alaissez-faire, each-to-his-own system of consumerism. It’s a system in which people are allowed to use their resources and abilities most effectively to serve others.

My naïve hope is that if more Millennials understood that capitalism is mostly used as a derogatory term free enterprise and economic liberty, they’d realize that they really do support it after all. But in case they aren’t convinced here are five reasons why you, young Millennialreader, should support capitalism:

1. Capitalism makes the world cleaner, less violent, and less poor (yes, really)—Because of capitalism there are fewer wars, fewer deaths from pollution, and fewer people living in extreme poverty than ever before. While global peace, health, and prosperity may seem like trivial pared to your student loans, they are a reason most of us are grateful for the benefits of capitalism.

2. Capitalism is the reason you’re (probably) not a farmer –Do you currently have Tama soil under your fingernails? Do you not even know what Tama soil is? You probably don’t, which means you aren’t a farmer. Statistically, that is a safe assumption since there are only about 10,000 Millennials who are principal operators on a farm in the U.S.

Today, Millenials are farmers because they want to be. But that wasn’t always the case. In Colonial America approximately 90 percent of the population earned at least part of their living as farmers. Even in 1900, 41 percent of the U.S. workforce was employed in agriculture. People didn’t have a choice — farming was a required vocation.

So what changed? Mostly technological progress brought about by free enterprise. The gains from specialization and trade (key aspects of free enterprise) made it possible for you to be a Wendell Berry-reading “agrarian” at grad school rather than standing in an Iowa cornfield pushing a plow through Tama.

And that’s one of the truly remarkable effects of capitalism: it makes it possible for more and more people to pursue their interests, passions, and talents and use them in diverse ways to serve their fellow humans.

3.Capitalism is the main reason you weren’t drafted into the army —Thanks to the Obama administration, women will soon be joining men in being eligible for the “draft” — monly used term for mandatory military conscription.

But don’t worry, there’s not need for you to run off to Canada. No one in your generation has actually been subjected to the draft, and you likely never will. For our current all-volunteer military you canthank free market economists like Milton Friedman.

At the height of the Vietnam War, mander Gen. William Westmoreland testified before the President’s Commission on an All-Volunteer Force, mission that was exploring the feasibility of ending the military draft. AsNewsdayreported,

Staunchly opposed to an all-volunteer military, which must pay its soldiers market wages, Gen. Westmoreland proclaimed that he did not want mand “an army of mercenaries.” One of mission members immediately shot back with a question: “General, would you mand an army of slaves?

mission member was Milton Friedman. Friedman based his arguments primarily on the need for freedom in human flourishing. But he also noted itseffects on the lower classes:

A by-product of freedom to serve would be avoidance of the present arbitrary discrimination among different groups. A large faction of the poor are rejected on physical or mental grounds. The relatively well-to-do used to be in an especially good position to take advantage of the possibilities of deferment offered by continuing their schooling. Hence the draft bears disproportionately on the upper lower classes and the lower middle classes. The fraction of high-school graduates who serve is vastly higher than of either those who have gone to college or those who dropped out before finishing high school.

If you served in the military because you wanted to, not because you were forced by the government, then you have a reason to be grateful for capitalism. And if you didn’t serve you have an even greaterreason to be thankful for free enterprise.

4. Free enterprise is the most moral economic system — Free enterprise is the most moral, most fair, and most helpful system for alleviating poverty. Even a cursory study of history will show this is both obvious and true. The free enterprise system, though not without it’s significant flaws, is the most moral economic system yet devised. In the video below, Arthur Brooks explains three reasons why a free economyis the most moral:

1) Free enterprise safeguards lasting happiness.

2) It promotes real fairness.

3) It does the most good for the most vulnerable.

5. You already prefer capitalism anyway —Quick: Name your favorite provider of a good or service?

Chances are that you said Apple or Uber rather than the DMV or the Department of Commerce. While the government may provide some necessary services, it isn’t the best at providing customer service or fulfilling the various and unique wants and desires of Millennials. Imagine standing in line for hours, like they used to doin the anti-capitalist Soviet Union, to get stale bread and sandpaper-rough toilet paper. That’s what happens when you reject capitalism.

But let’s be honest. You don’t really reject capitalism. You just want more redistribution. You love capitalism when it is providing you with iPhones, Beyoncé videos, and fair trade coffee. What you don’t love is that you can’t have everything you want while you’re in college, working a free internship, or having to put in the work to move up the corporate foodchain. You want the benefits of capitalism; you just want someone else to pay for it.

That’s natural. It’s wrong and evil, but it is definitely natural. It’s a naturally occurring phenomenon of adolescent immaturity to want other people to take care of you and provide for your material wants and needs. You want more than you can have so you want other people to pay for it. That’s a form of immaturity that some people (e.g., politicians) never outgrow.

But you likely will grow up. You’ll realize that there aren’t enough “rich” people from which to redistribute e. You’ll realize that making the world a better place economically mostly entails you being productive at work, contributing to the flourishing of your fellow man by your labor. You’llrealizethat, no matter where you fall on the economic spectrum, you are part of the most materially blessed generation in the history of the universe and that you are much, much, much better off because of free enterprise.

You’ll realize that, and you’ll grow up. Or you won’t. And then we’ll all be in trouble.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Do Half of All Public School Children Live in Poverty?
Back in October I offered five guidelines on “how to be a better guesstimater,” ways to hone your skills at guessing and estimation — guesstimation — that will help us minimize innumeracy. A recent Washington Post article—“Majority of U.S. public school students are in poverty”—shows how applying these five tips could prevent people from falling for obviously inaccurate reporting. Here is the main claim of the article: For the first time in at least 50 years, a majority of U.S....
Get Useless: Stewardship in the Economy of Wonder
“This is useless. This is gratuitous. This is wonder.” –Evan Koons When we consider the full realm of Christian stewardship, our minds immediately turn to areas like business, finance, ministry, the arts, education, and so on — the placeswhere we “get things done.” But while each of these is indeed an important area of focus, for the Christian, stewardship also involves creating the space to stop and simply behold our God. Yes, we are called to be active and diligent...
Economic Freedom Brings Freedom from Poverty
“Today, we live in the most prosperous time in human history,” notes the the Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation. “Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom.” The Index covers 10 freedoms – from property rights to entrepreneurship – in 186 countries. So why should we care about economic freedom around the world? Because it is a...
Radio Free Acton: Jeffrey Tucker on Capitalism and Love
Jeffrey Tucker speaks at the 2015 Acton Lecture Series It’s always good to e old friends to the Acton Building. Last week it was our pleasure to e Jeffrey Tucker, author, speaker, and the founder and Chief Liberty Officer of Liberty.meto Grand Rapids in order to deliver the first Acton Lecture Series lecture of 2015, entitled “Capitalism is About Love.” (We’ll be posting audio and video of his address later this week.) Jeffrey took some time to join me in...
The Complexities of Sexuality, Religion, and Cake
Last Friday at Religion Dispatches, Kara Loewentheil explored the recent story of a Denver bakery that is being “sued for refusing to bake a homophobic cake.” She calls into question the legitimacy of the request: It’s a snappy inversion of the now-classic example of bakers who refuse to provide wedding cakes for gay marriage mitment ceremonies (or florists who refuse to provide flowers, photographers who refuse to photograph the ceremony, etc.). And that’s probably not an accident;if I were a...
The Government Is Hungry: Detroit and ‘The Grapes of Wrath’
Detroit home owners are being put out of their homes, but it’s not because of bankers. Then by who? It’s the Detroit city government seeking to collect back real estate taxes. There are always tax foreclosures, but foreclosures are growing from 20,000 in 2012 to an expected 62,000 in 2015. Who is putting poor people on the streets in Detroit? The government. There is a twist here based on the fact that Detroit homes have an old (and therefore way...
Communion and Consumerism
“Consumption serves, sustains and munity—above all the munity,” says Rev. Gregory Jensen in this week’s Acton Commentary. Consumption is not an end in itself but has a purpose. We are, Schmemann says, called by God “to propagate and have dominion over the earth”; that is to say, consumption serves human flourishing. The first chapters of Genesis portray creation as “one all-embracing banquet table,” foreshadowing a central theme in the New Testament. In the Kingdom of God we will “eat and...
C.S. Lewis on Mere Liberty and the Evils of Statism
David J. Theroux, founder and president of The Independent Institute and the C.S. Lewis Society of California, discusses the writings of C.S. Lewis and Lewis’s views on liberty, natural law and statism. ...
Greeks Lurch Left
It gets really interesting now in the wake of Syriza’s stunning victory in yesterday’s Greek elections, widely interpreted as a populist rejection of austerity programs that could spread to other indebted European Union basket cases. All eyes on are Alexis Tsipras, the newly-sworn in prime minister (in a highly unusual secular ceremony), with a lot of unanswered questions about how his party will govern. (Syriza is the transliterated Greek acronym for Coalition of the Radical Left). I’ve been following this...
How ‘Downton Abbey’ Shows Income Inequality Doesn’t Matter
After what seemed to be an interminably long wait, Downton Abbey, a British period drama on PBS, recently returned to America. Many of us who have been hooked on the show for four seasons tune in each Sunday night to watch the new twists in the saga of the Earl and Countess of Grantham, their household, and their servants. But as with most pop culture artifacts, this series about Victorian England is having a subversive effect on the views of...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved