Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Aug 30, 2026 11:02 PM

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
Made on the sixth; made for the seventh
In his Acton University lecture titled “Creation and the Image of God,” Scott Hahn began with the assertion that we often ask the wrong questions about the creation story in Genesis. Instead of focusing on scientific questions of exactly when God created and how, we should be asking what God created and why. These are questions of theological anthropology, i.e. the understanding of God that is necessary for the understanding of man. Hahn uses biblical theology in order to answer...
The surprising, economic reason 157,000 British children were never born
Students of the free market say that economics is merely human action. Economists also understand that policies have unintended consequences – such as reducing the number of children born in a nation. The Adam Smith Institute, based in London, has released a new report describing one such consequence due, in part, to central planning and overregulation. The British housing crisis has inadvertently discouraged women from having 157,000 children, its report finds. Young couples in the UK increasingly struggle to afford...
Arvo Pärt on the economy of wonder
Our society has grown increasingly transactional in its ways of thinking, whether about family, business, education, or politics. Everything we spend, steward, or invest — our money, time, and relationships — must somehow secure an immediate personal return or reward, lest it be cast aside as “wasteful.” As an overarching philosophy of life, such an approach fails not due only due to its narrow individualism, but also to its cramped obsession with scarcity, standing in stark contrast with the lavish...
What do Americans mean by “socialism”?
Campus Reform, a project of the Leadership Institute,recently interviewed students in Washington, D.C. to get their opinions on socialism. Not surprisingly, most of them were all for it. And also not surprisingly, most of them could not explain what they mean by socialism. While it’s tempting to mock these students for supporting an economic system they can’t define, I’m not sure those of us on the right side of the political spectrum can do any better. I remember hearing that...
Radio Free Acton: Chris Armstrong on medieval wisdom; Upstream on Monterey Pop at 50
On today’s Radio Free Acton we share an interview from Acton University with Chris Armstrong, Wheaton College Professor and author of the new book book Medieval Wisdom for Modern Christians: Finding Authentic Faith in a Forgotten Age with C.S. Lewis. We take a look at the difference between modern and medieval Christians, and examine what makes a good story. Then we talk with RFA Chief Cultural Correspondent (and newly minted mentator at Forbes) Bruce Edward Walker on the 50th anniversary...
Why did medieval monks preserve pagan literature?
Many educated people – though perhaps not enough – know that it was medieval monks who preserved classical culture. Between their daily offices, the monks huddled in their cells by candlelight to copy the great cultural artifacts of Western civilization. But why did they preserve works that had been produced by, and often reflected, the pagan ethos of ancient Rome? In an essay for the August issue ofFirst Things, professor Rémi Bragueanswers questions such as: What is culture? How does...
Introduction to the competitive firm
Note: This is post #41 in a weekly video series on basic microeconomics. We tend to assume profit—the bottom line—is the main motivation for a firm’s actions, says economist Alex Tabbarok. For most firms most of the time, this is a good assumption, especially in petitive market. This video by Marginal Revolution University explores how pany maximizes profit in petitive environment where there are many buyers and sellers. (If you find the pace of the videos too slow, I’d mend...
Building the moral imagination
“How many people know how to ride a bicycle? How many people can explain how a bicycle works?” asked Michael Miller, research fellow at the Acton Institute, during his lecture on “Moral Imagination” at Acton University. Knowing how to ride a bicycle, yet not being able to explain its exact mechanics, is just one example Miller gives to explain “inarticulate rationality.” This concept, developed by the 20th century polymath Michael Polanyi, recognizes that there are things people ought to do,...
Human machines & the nature of man
On Tuesday, Newsweek published an article relating how the U.S. Defense Advanced Research Projects Agency (DARPA) allocated $65 million to develop brain implants “to link human brains puters.” Neuro-technology has been a priority of the U.S. Military since the launch of the Neural Engineering System Design (NESD) program in January 2016. Their goal is to “[develop] an implantable system able to provide munication between the brain and the digital world.” In other words, the U.S. Military wants to make better...
Does Russell Kirk still matter in today’s America?
Many might not even recognize the name “Russell Kirk,” and those who do often do not know the true impact of his contributions. Kirk quickly rose to prominence in American political discourse during the 1950s, but fell from the public eye following Barry Goldwater’s defeat in the 1964 presidential election, whom Kirk had firmly supported. But at this year’s Acton University, Bradley Birzer, a professor of history at Hillsdale College, and the Russell Amos Kirk Chair in American Studies, outlined...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved