Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Sep 3, 2026 9:10 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
Acton Commentary: Little Plots of Liberty
In this week’s Acton Commentary I briefly survey the prospects for urban gardens and farming in the city of Detroit. As Aaron M. Renn wrote in New Geography a few years ago, Detroit represents one of the places where significant urban innovation is possible. “It may just be that some of the most important urban innovations in 21st century America end ing not from Portland or New York, but places like Youngstown and, yes, Detroit,” writes Renn. Detroit’s woes are...
Rev. Sirico: Change thinking on poverty
Last week in Rome the Acton Institute presented a promotional video for the PovertyCure initiative before an international audience of businessmen, scholars, journalists, graduate students and missionaries in attendance at the Institute’s May 18 development economics conference: “Family-Enterprise, Market Economies, and Poverty: The Asian Transformation.” The Acton Institute is one of many partners in this new initiative made up of a network of individuals and organizations looking for free-enterprise solutions to poverty. The video caused quite a stir in the...
Audio: The Intersection of Faith and Business
Andreas Widmer makes a point as Michael Miller looks on last week in Boston Last week in Boston, Acton’s Director of Media Michael Miller and Seven Fund co-founder Andreas Widmer joined host Scot Landry on The Good Catholic Life on 1060 AM to talk about enterprise solutions to poverty, the intersection of faith and business, and the PovertyCure initiative. You can hear the interview via the audio player below: [audio: ...
Bahnsen and Wilson on Ron Paul
David Bahnsen and Douglas Wilson have engaged in a fascinating conversation about Ron Paul. To follow the threads of critique and concern on either side, first read Bahnsen’s “The Undiscerning and Dangerous Appreciation of Ron Paul.” Then read Wilson’s “Bright Lights and Big Bugs.” Much of the conversation focuses on the role of government (or lack thereof), from a biblical perspective (or lack thereof), specifically with regard to foreign policy. As Bahnsen puts it, “As I got older and wiser,...
The Capitalist Structures of Hinduism
Thanks to P. Koshy @pkoshyin and Saurabh Srivastava @SKS_Mumbai for linking this 1996 Religion & Liberty gem on Twitter. Author Mario Gómez-Zimmerman argues that Hinduism “pre-figures capitalism much closer than socialism.” More: As it is true for all the great religions, Hinduism warns human beings about the dangers of accumulating wealth, and at times demands them to renounce it. But in all cases, wealth is attacked because it is likely to subject man to dependency, fostering egoism, greed, and avarice,...
Are High Gas Prices Affecting Job Seekers?
Gas prices are beginning e down, but for many people prices are not falling fast enough. The pain caused by high gas prices is spread widely, but it is felt intensely on the working poor and the unemployed who are trying to find a job. A recent story in the Chicago Tribune highlights Alicia Madison, a resident of the Chicago suburbs who is unemployed. Madison is looking for a job, but because of high gas prices she, at times, cannot...
Memorial Day: Stories from the Virtual Wall
When I first went to work for former Mississippi Congressmen Gene Taylor, I was going through a file cabinet and spotted a thick folder with the name “J.C. Wheat.” I sat down and read through it. J.C. was the father of Marine Lance Corporal Roy Mitchell Wheat. The folder contained all the things Congressman Taylor had done in helping to pay tribute to J.C.’s son. A Naval ship was christened in Roy Wheat’s name in 2003. I felt a little...
Free Economies Must Grow On Solid Principles
The Acton Institute captured the attention of the Italian secular press when advocating a Judeo-Christian, value-based economic model to ensure continued free and healthy economic growth in Asia. The press was eager to interview the conference speakers who articulated this perspective at the Institute’s international conference held at Rome’s Pontifical Gregorian University last May 18: “Family-Enterprise, Market Economies, and Poverty: The Asian Transformation” . In the following Video, Istituto Acton Director and conference moderator, Kishore Jayabalan, spoke candidly to UniRoma...
Muslim Women and Entrepreneurship
One might think that Muslim women, in traditionally Muslim countries, are under severe constrictions when es to ing entrepreneurs. After all, in Saudi Arabia, women cannot drive, and in places like Iran, women are forced to veil themselves under the law. Do such restrictions create undue burdens for women wanting to start and maintain businesses in the Muslim world? In a study published in International Management Review (Vol. 6 No. 1 2010), John C. McIntosh and Samia Islam of the...
Evangelicals, Common Grace, and Abraham Kuyper
Recently, the Acton Institute announced a partnership with Kuyper College to translate Abraham Kuyper’s Common Grace. Understanding the importance of reaching out to the munity, Kuyper’s work is essential in developing evangelical principles and social thought. The Common Grace translation project is summarized by the Acton Institute: There is a trend among evangelicals to engage in social reform without first developing a coherent social philosophy to guide the agenda. To bridge this gap, Acton Institute and Kuyper College are partnering...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved