Home
/
RELIGION & LIBERTY ONLINE
/
5 Reasons Millennials Should Support ‘Capitalism’
5 Reasons Millennials Should Support ‘Capitalism’
Aug 8, 2026 7:06 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
‘The New Exodus’
Iraqi Catholics carry the remains of those killed in the October 2010 massacre at the Baghdad cathedral. Violence from Muslim extremists is causing Christians to flee the Middle East in staggering numbers. In the early nineties, there were 1.3 million Christians living in Iraq and today there are less than 200,000. Senior staff writer at Legatus Magazine, Sabrina Arena Ferrisi, addresses this in the latest Legatus Magazine. The Middle East is experiencing a new kind of exodus. This time it’s...
Calihan Academic Fellowship Deadline: July 15
Don’t miss out on the opportunity to apply for a Fall 2013 Calihan Academic Fellowship. The fellowships provide scholarships and research grants to future scholars and religious leaders whose academic work shows outstanding potential. Graduate students studying theology, philosophy, religion, economics, or related fields are encouraged to apply. The application deadline is July 15. Information about eligibility, conditions, the selection process, and application requirements can be found on the Calihan Academic Fellowship page of the Acton Institute website. ...
Family, Flourishing, and the Cement of Society
The economic consequences of changing family structure are beginning to emerge, and as they do, it can be tempting to focus only on the more tangible, perceivable dangers. For example: “How many new babies are needed to keep Entitlements X, Y, and Z sweet and juicy for the rest of us?” Such concerns are valid, particularly as we observe the lemming-like march of the spending class. But as harsh as the more immediate shocks of family collapse may be, we’d...
Tocqueville on Servile and Licentious Tenancy
I’m catching up on reading after the holiday last week, and the July 4 edition of the Transom has some gems, including this bit from Alexis de Tocqueville on the mindset of tenants: There are some nations in Europe whose inhabitants think of themselves in a sense as colonists, indifferent to the fate of the place they live in. The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place....
Sobornost and Subsidiarity in Orthodox Christian Social Thought
Alexei Khomiakov, the Russian Slavophile thinker often credited with first articulating the Orthodox principle of sobornost. Today at Ethika Politika I offer an assessment of the phenomenon of globalization from the perspective of Orthodox Christian anthropology. In particular, I focus on the concept of sobornost in the thought of the Russian philosopher Vladimir Solovyov, writing, Solovyov’s account of the moral progress of humanity through globalization is rooted in the Russian idea of sobornost’, which Christopher Marsh and Daniel P. Payne...
Is Fair Trade Coffee Curing Poverty?
“Who could be against fairness?” Victor Claar asked this question at Acton University last month. He and Travis Hester gave a talk titled, “Fair Trade Versus Free Trade” with their focus on the coffee industry. They explained what the fair trade movement is, evaluated its effectiveness, and explored ways for caring people to help coffee growers e poverty. Before looking at the fair trade movement, it is important to note that coffee is what economists call an inelastic good. That...
More Americans Receive Food Aid Than Work in the Private Sector
Depressing statistic of the week: The U.S. Department of Agriculture estimates that a total of 101,000,000 people currently participate in at least one of the 15 food programs offered by the agency, at a cost of $114 billion in fiscal year 2012. That means the number of Americans receiving food assistance has surpassed the number of private sector workers in the U.S. According to the Bureau of Labor Statistics (BLS), there were 97,180,000 full-time private sector workers in 2012. The...
Corruption Is Getting Worse: Transparency International
Transparency International has released its 2013 findings regarding global corruption and bribery. The implications of corruption and bribery are manifold: they decrease confidence in governments, make it difficult for the poor and disconnected to get out of poverty, and break down trust throughout society. In fact, Transparency International found that two institutions that should be the most trusted (police and the judiciary) are the ones most riddled with corruption, world-wide. Here is one example: Fifty-year old Carmela [name has been...
Common Core: Homogenizing Schools and Our Children
Politicians and public educators seem to constantly revert back to status quo arguments of further centralization as a way to reform education failures in the U.S. The most recent push for uniformity in the public school system is the Common Core, a set of national assessment standards and tests that has been adopted by 45 states and will be implemented possibly as soon as the 2014 school year. President Obama enticed the states to adopt Common Core with his $4.35...
Cuba: Out Of The Shadows Of Communism Comes Commerce
In 1956, Fidel Castro, along with Che Guevara, led a guerrilla war on the island nation of Cuba. By 1959, Castro was sworn in as prime minister, and began leading the country down the destructive path of Communistic ideation. (Due to his poor health, Castro has now turned over the reins of the government to his brother Raul.) Under Castro, religious organizations, churches and schools have been all but decimated. He took control of student organizations and professional groups. Private...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved