Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Jul 6, 2026 10:56 AM

Capitalism is worth conserving not because free markets are a “necessary tool” for economic growth, but because economic freedom honors the dignity and creative capacity of the human person.

Read More…

Amid the waves of populism and protectionism sweeping across the American Right, capitalism has e a favorite target of many prominent conservatives, blamed for the decline of religion, the demise of the family, and the erosion of civil society.

Whether the e from politicians like Josh Hawley or pundits like Tucker Carlson, free-market conservatives are increasingly scolded for being mitted to economic freedom. To no surprise, the Left continues its own critiques as it always has, spurring a strange, unspoken alliance among otherwise ideological foes.

But if we hope to restore the social order, success will e by succumbing to the illiberalism of populists and progressives, adopting zero-sum mythologies and Pollyanna-ish protectionism in hopes that government can somehow piece us back together again.

Instead, the modern right needs a renewed understanding of what economic freedom actually is and what it’s ultimately for – how it affirms our dignity, unleashes our creativity, and empowers munities to respond to the various moral crises we face.

In a recent column, Ross Douthat addresses some of the key tensions at play, noting that while certain economic idols have surely played a role in the rise of Western decadence and decay, the cultural factors are far plex than the popular narrative suggests.

For example, while many of today’s anti-capitalism “traditionalists” are (rightly) fond of romanticizing munitarian past, few seem to realize that America’s “Tocquevillian utopia” of associational life was a byproduct, not a precondition, of economic dynamism:

If the anti-traditional churn of capitalism inevitably doomed religious munal associations or the institution of marriage, you would expect those things to simply decline with rapid growth and swift technological change. Imagine, basically, a Tocquevillian early America of sturdy families, thriving civic life and full-to-bursting pews giving way, through industrialization and suburbanization, to an ever-more-individualistic society.

But that’s not exactly what you see. Instead, as Lyman Stone points out in a recent report for the American Enterprise Institute (where I am a visiting fellow), the Tocquevillian utopia didn’t really yet exist when Alexis de Tocqueville was visiting America in the 1830s. Instead the growth of American associational life largely happened during the Industrial Revolution. The rise of fraternal societies is a late-19th- and early-20th-century phenomenon. Membership in religious bodies rises across the hypercapitalist Gilded Age. The share of Americans who married before age 35 stayed remarkably stable from the 1890s till the 1960s, through booms and depressions and drastic economic change.

After the 1960s, however, something changed, “with churches dividing, families failing, associational life dissolving.” It’s a trend that’s continued to this day, explored at length by folks like Robert Putnam, Charles Murray, and Yuval Levin. And it is here where conservatives now begin plaints about capitalism.

Here, too, the historical reality is a bit plex. Douthat duly recognizes the role of the “economic and sexual individualism of the neoliberal age,” but he also reminds us that economic dynamism has been on the decline, as well. “It can’t just be capitalist churn undoing conservatism, exactly, if economic stagnation and social decay go hand in hand,” he writes.

Further, such decline has been largely mirrored (and preceded) by similar trends across Western Europe, which has seen its share of decline in family formation and institutional life. These countries are not exactly bastions of “unfettered capitalism,” boasting massive, state-based welfare programs and cultures that are far less individualistic in their ethos.

In light of such evidence, we’d do well to make a distinction between economic freedom and humanity’s ongoing propensity to abuse its many fruits.

“It’s not that capitalist dynamism inevitably dissolves conservative habits,” Douthat writes. “It’s more that the wealth this dynamism piles up, the liberty it enables and the technological distractions it invents, let people live more individualistically – at first happily, with time perhaps less so – in ways that eventually undermine conservatism and dynamism together.”

These are predictable problems of plenty, temptations toward materialism, individualism, placency that tend to increase with widespread prosperity, however es. We ought to treat them accordingly, addressing Western decadence at the level of the human soul and spirit, not by turning to the federal government as a new and improved fatted calf.

“If the decay of faith or family were really a simple matter of ‘too much capitalism,’ you could imagine a right that eventually got over its rugged individualism and chose redistribution and sustainability instead,” Douthat says. Instead, “conservatives actually need to somehow jump-start a lot of forms of dynamism all together.”

For Douthat, the task of “jump-starting” dynamism involves a particularized approach to “traditionalist-friendly” government policy. Yet even he is willing to acknowledge that the best and brightest policy proposals will not be sufficient to e the struggles we face.

The more difficult work is cultural work, requiring a deeper, wider revival of munities and institutions. If we routinely castigate the causes of liberty – outsourcing “protection” and “planning” to the administrative state – will we really have what it takes to confront moral challenges in the places and spaces where it matters the most?

For conservatism to truly thrive, and more importantly, for munities to be revived, we need an embrace of freedom on all fronts, economic, religious, political, and otherwise, as well as the wisdom and cultural wherewithal to rise to the moral challenges that true freedom actually requires. “Social conservatism can be undermined by economic dynamism, but also respond dynamically in its turn,” Douthat concludes, “through a constant ‘reinvention of tradition,’ you might say, manifested in religious revival, new forms of association, new models of courtship, even as older forms pass away.”

The critics of capitalism are right about one thing: Free markets, by themselves, are not enough. We also need virtue. We need spiritual formation and transformation. We need healthy institutions and munities. But these pieces can’t e together if we pretend that economic freedom isn’t a crucial part of the picture.

As Rev. Robert Sirico once wrote:

It is a mentary on our times that the political and ethical cognoscenti associate freedom with licentiousness, antinomianism, atomistic individualism, and an array of similar vices antithetical to virtue. Despite this attitude on the part of many professional mon sense tells any sane person that a society that is both free and virtuous is the place in which he would most want to live. But what exactly would it mean to advocate and work toward the construction of such a society?

… The Reverend Edmund Opitz, a Congregationalist minister who has been writing on these themes for many years, puts it this way: “Political theory in our tradition is based on the assumption that men must be free in society because each person has a destiny beyond society which he can work out only under conditions of liberty.”

If it is true that each individual has such a destiny, then he cannot be treated merely as a means to an end, but as an end in himself. And if each individual is an end in himself, then it would be a gross violation of the essential nature and basic dignity that each person possesses to treat him as a means to someone else’s ends. In addition to the violation of human dignity that would result, such a treatment of people (as means rather than ends in themselves) would undermine the very foundation of civil organization.

Contrary to mon caricatures, capitalism is worth conserving not because free markets are a “necessary tool” for economic growth, but because economic freedom honors the dignity and creative capacity of the human person.

If we hope to battle the social corrosion of our day and build an economy that is both dynamic and humane, we ought to set our sights where virtue actually begins: in each and every human heart. Economic freedom is but one step on the path to human flourishing, but it’s one we can’t do without.

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 logic of the soul: 6 quotes from Whittaker Chambers’ ‘Letter to My Children’
In a recent Acton lecture, Greg Forster highlights the work of Whittaker Chambers, the former Soviet spy who converted to Christianity and became one of the most influential public voices in the fight against Communism. Chambers’ most famous and enduring work, Witness, is an astounding personal memoir and a literary treasure. It transcends genres, mixing the thrills of espionage and political intrigue with quiet spiritual reflections and jaw-dropping forays into moral philosophy, all in the service of a simple but...
After apartheid, South Africa veers toward vengeance
“South Africa’s institutionalized national sin of radical and often violent racial segregation, officially known as Apartheid, ended in the early 1990s. Changes in law, however, do not necessarily mean that there is immediate social transformation,” says Trey Dimsdale in this week’s Acton Commentary. “The deep civic wounds that this dark period inflicted on the nation still fester, as evidenced in a March 1 vote by the National Assembly to confiscate white-owned land pensation.” A national policy as thorough and systematic...
Misreading capitalism
‘A statue of Adam Smith on Edinburgh’s Royal Mile’ by Zenit CC BY-SA 3.0 At this year’s LibertyCon Byran Caplan, Economist at George Mason University, and Elizabeth Bruenig, columnist for the Washington Post, debated the perennial question of ‘Socialism vs. Capitalism.’ Both Caplan and Bruenig have posted their opening statements and it is an interesting and engaging exchange. Caplan is charitable, well-reasoned, and clear and Bruenig is both gracious and an engaging storyteller. Bruenig’s story while superficially plausible makes many...
What is Gross Domestic Product (GDP)?
Note: This is post #70 in a weekly video series on basic economics. GDP is the market value of all finished goods and services, produced within a country in a year. But what does “market value” mean? And what defines a “finished good”? In this video, Marginal Revolution University helps us make sense of this important economic indicator by explaining how GDP puted. You’ll learn whythe eggs in your homemade omelet part of the GDP, but the eggs your baker...
How the Reformation led to a reallocation of religious resources
Soon after Martin Luther nailed his ninety-five theses to the church door at Wittenberg (if he even did), Protestants began to be blamed for unleashing many of the destructive influences of Western Civilization. As a Baptist, I thinkthe criticisms are overstated (and thatthe good of the Reformation far outweighs the bad) but they aren’t wholly without merit. There is more than a grain of truth that anunintended effect of the Protestant Reformation was to increase the rapid expansion of secularization....
Samuel Gregg on contradictions in the papacy
Journalist and Harvard alumnus Philip F. Lawler is no stranger to spotting inconsistencies in the Catholic Church. After the Catholic Church’s sex-abuse crisis unveiled in 2002, Lawler released his highly researched book, The Faithful Departed, tracing the Church’s history of corruption while maintaining an “attention to facts” and a “calm tone.” Lawler’s latest book addressing the Catholic Church tackles problems starting in the papacy. In an article written for The Catholic World Report, Samuel Gregg, Acton’s Director of Research, unpacks...
Employers should fulfill their obligations to tipped employees
A tipped employee engages in an occupation in which they customarily and regularly receives more than $30 per month in tips, according to the Department of Labor. An employer of a tipped employee is only required to pay $2.13 per hour in direct wages if that bined with the tips received at least equals the federal minimum wage. If the employee’s bined with the employer’s direct wages of at least $2.13 per hour do not equal the federal minimum hourly...
Give socialism a try? Let’s not.
“Yeah, well, you know, that’s just, like, your opinion, man” – Jeffrey “The Dude” Lebowski played by Jeff Bridges. ‘Jeff Bridges speaking at the 2017 San Diego Comic-Con International in San Diego, California’ by Gage Skidmore CC BY-SA 3.0 Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘It’s time to give socialism a try’. The title is a bit misleading as the piece makes no positive case for socialism but rather chronicles her own and...
Crushing religious schools with state funding
The UK government has crafted an educational mandate for religious schools that Sohrab Ahmari at Commentary calls “Orwellian.” Under the proposal, all schools would be required to teach children from age 4 and up “age-appropriate” content that includes information about same-sex marriage and transgenderism. Catholics, evangelicals, Orthodox Jews, Muslims, and others with traditional views on sex and gender would have ply. No exceptions. He notes that a senior government adviser stated it is “not OK for Catholic [or other religious]...
Radio Free Acton: Philip Booth on what’s missing from Laudato Si’; Upstream with jazz legend Norma Winstone
On this episode of Radio Free Acton, Rev. Ben Johnson, Senior Editor at Acton, speaks with Philip Booth, Professor at St. Mary’s University in the UK about what’s missing from the 2015 Papal Encyclical: Laudato Si’. Then, on the Upstream segment, Bruce Edward Walker talks to British jazz legend Norma Winstone about her contribution to Jazz and her newly released album: ‘Descansado – Songs For Films.’ Check out these additional resources on this week’s podcast topics: Read “Property rights and...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved