Home
/
RELIGION & LIBERTY ONLINE
/
5 Reasons Millennials Should Support ‘Capitalism’
5 Reasons Millennials Should Support ‘Capitalism’
Apr 1, 2026 8:02 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
In memory of Pope John Paul II
The Acton Institute has put together a special section in honor of Pope John Paul II. Here you’ll find pictures of the Pope with Acton president Fr. Robert Sirico, up-to-date media items mentary and reflection by Acton staff, and links to resources about the pope and his legacy. “In Memory of Pope John Paul II” ...
Verse of the Day
  Isaiah 61:7 In-Context   5 Strangers will shepherd your flocks foreigners will work your fields and vineyards.   6 And you will be called priests of the Lord, you will be named ministers of our God. You will feed on the wealth of nations, and in their riches you will boast.   7 Instead of your shame you will receive a double portion,...
A Dutch Protestant reflection on a Polish Catholic pope
Rev. Zandstra discusses the experiences of his life, which led him “from an interest to a profound appreciation for Pope John Paul II.” Read the full text here. ...
Perverting the Pope’s legacy
Yesterday, The Connection with Dick Gordon, an NPR program, had two Catholic intellectuals on the show to discuss “John Paul II’s Life and Legacy.” What was troubling was the way these professors described the pope’s economic thought. The guests were Lisa Sowle Cahill, professor of theology at Boston College, and Lawrence Cunningham, professor of theology at the University of Notre Dame. You can listen to the broadcast here at the show’s website. Below is a rough transcript of the relevant...
Father Sirico on FOX News
As events have unfolded over the weekend in Rome, Acton staff members have been called upon by many news organizations to lend some perspective on the legacy of Pope John Paul II. Father Robert Sirico, president of the Acton Institute, was a guest on the FOX News Channel yesterday. Kishore Jayabalan, director of the institute’s Rome office, has also been interviewed on CNN and FOX News. Keep abreast of the activities of Acton staff and media coverage at Acton’s special...
Interview with J.C. Huizenga
This month’s School Reform News, a publication of the Heartland Institute, has an interview with J.C. Huizenga, member of the Acton Institute’s Board of Directors, as well as founder and chairman of the National Heritage Academies, “Bringing the Profit Motive and Moral Values to Education.” ...
Acton podcast
Acton Institute audio files are now available via a “podcast.” A podcast is similar to an RSS feed (in fact it is an RSS feed) but the intention is to describe audio files. These files are read by a podcast aggregator which will automatically download the audio files associated with the podcast and allow you to listen to them on puter. Many aggregators will also automatically transfer the downloaded files to the music library on puter and even to your...
Faith in government
There’s a provocative post from Bryan Caplan over at EconLog about “the odd factoid that faith in government dramatically increased after 9/11.” ...
Welcome to the Acton Institute PowerBlog
We launch this new Web log as the world mourns the passing of John Paul II. We will be continually updating this blog to bring you the mentary and news from Acton staff and friends. In keeping with the institute’s ecumenical outlook, the blog will feature a rich lode of Catholic content on John Paul’s life and legacy, and views from other faith traditions. As pilgrims head for Rome and the pontiff’s funeral, we will witness the spectacle of the...
Government revenue or good faith?
Tuesday’s Washington Post says that Internal Revenue Commissioner Mark Everson is the government official to help us make sure that our contributions are received by legitimate charities. In a letter to the Senate Finance Committee, which is currently discussing increased charity regulation, Everson noted, “We can see that tax abuse is increasingly present in the [Exempt Organization] sector,” and unless the government takes effective steps to curb it, such organizations risk “the loss of the faith and support that the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved