Home
/
RELIGION & LIBERTY ONLINE
/
5 Reasons Millennials Should Support ‘Capitalism’
5 Reasons Millennials Should Support ‘Capitalism’
Aug 14, 2026 11:20 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 Rise of Free-Market Alternatives to Obamacare
Referring to the Affordable Care Act, chairman of the Senate Finance Committee, Max Baucus (D-Mont.) stated earlier this year, “Unless we implement this properly, it’s going to be a train wreck.” And indeed, from looking at the Obamacare implementation timeline alone, the law seems to have gotten off to a shaky start. The implementation of the so-called employer mandate, which would require businesses with more than 50 workers to offer insurance to all full-time employees, or else pay a fine...
Accepting Applications for an ‘Intellectual Retreat’
Looking for a great opportunity to expand your intellectual capacity? We are still seeking applicants for two ing Liberty and Markets conferences: Religion and Liberty: Acton and Tocqueville and Evaluating the Idea of Social Justice. Co-sponsored by the Acton Institute and Liberty Fund, Inc., these conferences offer an excellent opportunity for networking and discussion within a small group environment, with an average faculty/participant ratio of 1:3. Both conferences are free and include single-occupancy lodging, meals, nightly hospitality, book gifts, and...
A conflict of Christian visions: Gen. 1-2 vs. Gen. 3 Christianity
There are two prominent schools of thought within conservative Protestant circles that continue to clash over what Christianity is about because their starting prise different biblical theological visions. I use the word “prominent” here because I fully recognize that there are other more nuanced voices in the Christian diaspora. No “binaries” or “false dichotomies” are intended here. This is simply a distinction between the two dominant voices in a choir of others. One begins by constructing an understanding of the...
Dispersing Poor People And Crime
Emily Badger at The Atlantic Wire posts mon sense story regarding the debate about whether or not the dispersing of poor people out of inner-city housing projects into suburban neighborhoods, through government housing voucher programs, increases crime rates. The article reflects recent research by Michael Lens, an assistant professor of urban planning at UCLA. A growing stack of research now supports [the] hypothesis that housing vouchers do not in fact lead to crime. Lens has just added another study to...
Does Legalizing Prostitution Reduce Child Sex Slavery?
Would legalizing adult prostitution decrease the demand for child sex slaves? That’s the curious argument made by one of my favorite libertarian economist. Donald J. Boudreaux , a professor of economics at George Mason University, recently wrote: If men can legally buy sex from women 18 years of age or older, men will have less demand to patronize children. And sex entrepreneurs will have less incentive to ‘supply’ children. With all prostitution being illegal, those who demand as well as...
Disability and Discipleship: God Don’t Make No Junk
In this week’s Acton Commentary, “Disability, Service, and Stewardship,” I write, “Our service of others may or may not be recognized by the marketplace as something valuable or worth paying for. But each one of us has something to offer someone else. All of us have ministries of one kind or another. Our very existence itself must be seen as a blessing from God.” During a sermon a couple weeks ago at my church, the preacher made an important point...
Do the Poor Vote for More Welfare?
A popular saying (often misattributed to Alexis de Tocqueville) states that a democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. If this is always the case then we should expect the poor to vote themselves even more welfare payments. However, as Dwight R. Lee explains, the desire for transfers that others will pay for has almost no effect on people’s voting behavior: This argument that a significant financial gain from...
Was Gordon Gekko Catholic?
Is greed really good? Does self-interest equal sin? Samuel Gregg takes on these questions at Aleteia.org, in an excerpt from his new book, Tea Party Catholic: the Catholic Case for Limited Government, a Free Economy and Human Flourishing. In many ways, the free economy does rely upon people pursuing their self-interest rather than being immediately focused upon promoting the wellbeing of others. One response to this challenge is to recognize that fallen humanity cannot realize perfect justice in this world....
Spirit-and-Body Economics
Over at the Kern Pastors Network, Greg Forster points to Rev. Robert Sirico’s speech from this year’s Acton University, drawing particularly on Sirico’s emphasis on Christian anthropology.“One may not say that we are spirits inside of flesh,” Sirico said, “but that we are spirits and flesh.” Forster summarizes: Christianity teaches that the human person is, in Sirico’s words, both corporeal and transcendent. We cannot make sense of ourselves if we are only bodies. How could a strictly material body think...
For America’s Elites, Religious Freedom is a Non-Issue
America’s Founding Fathers considered religious liberty to be our “first freedom.” But as Ken Blackwell notes, that view is no longer shared by our media and foreign policy elites: All such understandings of the religious freedom foundation of American civil liberty and foreign policy seem long forgotten by the elites of today. The media cares little about religious freedom. The famous Rothman-Lichter study of 1981 surveyed 240 journalists from the prestige press. Of course, 80 percent of them voted one...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved