Home
/
RELIGION & LIBERTY ONLINE
/
5 Reasons Millennials Should Support ‘Capitalism’
5 Reasons Millennials Should Support ‘Capitalism’
Sep 1, 2026 4:37 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
‘God brought me out of the deepest darkness’
Facing a corrupt and repressive government, about 36,000 Eritreans fled last year into the eastern Sudan where they faced harsh weather and the threat of kidnapping. Human trafficking has e a serious threat for these Eritrean refugees.Bedouin people-trafficking gangs find weary travelers then kidnap, torture, and often kill them. The gangs do this hoping to extract ransom from their victims’ families. Despite the dangers that Eritreans face, many still choose to cross into Sudan, looking for freedom. According to the...
Chernobyl: Lessons From a Ghost Town
Twenty-seven years have passed since the Ukrainian city of Chernobyl endured the worst nuclear power plant accident in history. In 2005, the United Nations predicted 4,000 people could eventually die from the radiation exposure, although different estimates exist. In a recent presentation at Aquinas College, Father Oleh Kindiy, a Ukrainian Catholic priest and visiting Fulbright Scholar, and Luba Markewycz, a photographer and member of the mittee at the Ukrainian Institute of Modern Art, shared insights on the current state of...
A Lesson in Economic Policy from Mother Teresa
Forbes‘ Ralph Benko explains what a chance encounter with Mother Teresa taught him about good economic policy: I had walked by a homeless man (or, as then was called, bum) sleeping on the 41st Street sidewalk. People sleeping on the sidewalk were a familiar sight in the New York City of that era. I hadn’t even noticed him. But Mother Teresa had noticed him. And she had stopped to get him to his feet. As I approached the group, Mother...
Religious Liberty Does Not Require Us To Minimize Our Faith
Rabbi Meir Soloveichik, a professor at Yeshiva College in New York, says religious liberty does not mean we need to water down our beliefs in order to get along. Rather, he says that people of different faiths must learn to live as both “stranger and friend“: The rabbi explained that “America is the first country in a long time founded around an idea,” and that religious freedom “is the philosophical lynchpin of what lies at the heart of American ideals.”...
Don Draper Meets Abraham Kuyper
Russell Moore on how Abraham Kuyper predicted the era of Madison Avenue’s culture of art and mammon: [James Bratt] writes that Kuyper saw the bination of “Art as captured by Mammon.” Here the bined to a mercialized, lowered, prostituted, feeding the pulsion for excitement, excess, and the erotic.” In this, Bratt contends that Kuyper was hitting close to explaining the contemporary rise of Madison Avenue as a cultural force, “the marriage of Art and Mammon that mercial advertising.” Here’s where...
Samuel Gregg: Charles Carroll, Founding Father and Catholic Businessman
Acton’s Director of Research, Samuel Gregg, has a column in the latest issue of Legatus magazine. In it, he recognizes the plishments and Catholic faith of one of America’s Founding Fathers, Charles Carroll. Carroll, the only Catholic signer of the Declaration of Independence, was an established businessman, and signing the Declaration was a risky move. It literally put his entire fortune at risk. mercial interests extended far beyond those of the typical Marylander of his time. They ranged from grain...
Augustine, Aquinas, and Fusionism
As I noted previously, I’ve been involved this month in a panel discussion over at Cato Unbound on the issue of “Conservative-Libertarian Fusionism.” My two most recent contributions to the discussion phase focus on possible resources for the question that can be gleaned from Augustine and Aquinas. Augustine inaugurated a tradition of Christian reflection on the saeculum, the age of this world in which the wheat and the tares grow up together, and the implications of this mon life together....
Interview: Conversations on Orthodoxy
Back in January, I was interviewed for the podcast Conversations On Orthodoxy. After some wonderful editing, the interview has recently been posted. In particular, the focus of the interview is mostly on how I went from an American Evangelical upbringing to ing a convert to the Orthodox Church. However, I wanted to link to it here because it concludes with some thoughts about my work at Acton. In particular, I talk about Acton’s vision for a free and virtuous society,...
Michigan’s Universities Produce Entrepreneurs
According to the 2013 Mackinac Policy Conference, Michigan’s three largest universities (Michigan State, University of Michigan and Wayne State) are producing entrepreneurs at twice the national average. According to Michael Wayland, the report included: …responses from more than 40,000 of the 1.2 million alumni of the University of Michigan, Michigan State University and Wayne State University. The responses revealed that more than 19 percent of the alumni surveyed have started pany, and some have created more than one. The study...
Progressivism’s Presuppositions
The more I read of Thomas Sowell’s latest book, Intellectuals and Race, the more I am persuaded that the era of progressivism may have been just as damaging to the history of black progress in American than the Jim Crow era. From the latter part of the 19th-century through the 1930s progressives sought to use government as a means of addressing the social ills of society. It was an era where leading intellectuals, in partnership with politicians, expanded the scope...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved