Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Apr 21, 2026 12:22 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
Keeping the Kalamazoo Promise
I haven’t had a chance to talk about this yet, but early last month, school district officials in Kalamazoo, Michigan announced “The Kalamazoo Promise.” The Promise consists of a group of anonymous donors that e together mit to fund the post-secondary education of every student of the Kalamazoo Public School system. To receive full-funding for four years, you must have to attend KPS schools from grades K-12 (funding is gradually decreased depending on the number of years in the system)....
Fountain of the Pioneers: Shameful sculpture?
Many in West Michigan have heard about a sculpture in Kalamazoo, Mich., that has e the target of politically correct wrath. The “Fountain of the Pioneers,” a work by artist Alfonso Iannelli, depicts a towering pioneer with a club in his hand standing over a Native American depicted in a kneeling position. Activists say the sculpture should be removed because it is a “monument to evil subjugation, the violent removal of the people who were first on this land.” Those...
Who receives farm subsidies?
There’s a persistent myth in Europe and America that farms subsidies are needed to protect the “family farm” and all the virtues that pany rural life. Religious leaders and Catholic Bishops conferences seem to be especially prone to this argument. Well, that myth is starting e exposed for what it actually is – protectionism by wealthy, politically-influential, corporate farm lobbies. The EUObserver reports that a new website, FarmSubsidy.org, has been launched today. The website is not yet fully operational, but...
Farm subsidies under fire
The Financial Times reports that generous farm subsidies in the United States and Western Europe are increasingly beleaguered. If the US and Europe don’t voluntarily eliminate the unfair advantage their agriculture producers enjoy in the global market, then developing nations are likely to take legal action through the WTO. No one wants to see American agriculture destroyed, but the injustice of developed-nation subsidies in light of the struggles of developing-nation farmers is hard to deny. The ramifications of ag subsidy...
The most ridiculous item of the day
I know I’ve been enjoying the falling oil prices of late when filling up my minivan’s gas tank. At the height of the post-Katrina and Rita oil price spike, I was paying upwards of $70 to fill the thing up. Now that things have calmed down a bit, I’m even hoping to see gas drop back down to that magic $1.99 level or lower. And who do we have to thank for these lower costs? At first blush, I’d say...
The daily dose
A piled by Matt Donnelly at Science & Theology News calls the Interfaith Stewardship Alliance’s recent formation a continuation of “the recent and laudable trend of faith-based organizations making a serious attempt to grapple with the religious basis for environmental stewardship.” The section also provides links to their coverage of a number of other aspects of “the intersection of religious belief and environmental protection.” ...
A La Carte
As much as I would love to have the choice to pick what channels I pay for and receive over cable individually, I think Arnold Kling is right: The FCC shouldn’t force panies to offer that option. He says, “With some panies threatening to get into the TV business through their fiber-optic cables, this point may e moot. It could be that in petitive market, unbundling will occur naturally. There is absolutely no reason for the FCC to inject itself...
Cartoon Incorporated
Says Harvard economist Kenneth Rogoff: Hollywood’s cartoon-like caricatures of evil multinational corporations may some day seize mainstream consciousness, leading to political upheavals that shatter today’s social contract. That won’t be good for profits, or for the poor. For more on Tinseltown’s demonization of multinational corporations, see “The Manchurian Mistake.” ...
Chronicles of Narnia previewed
It’s easy to predict what the response will be to The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe, Walt Disney Company’s latest holiday blockbuster: smiling faces on children of all ages. Rather than recasting C. S. pelling children’s tale along the lines of the Gospel according to Hollywood, producers reserved their creative talent for visually representing the story that Lewis actually wrote. Lion will effectively demonstrate that, where free enterprise is allowed to flourish, the most profitable...
An Apology for the Apologist
Here’s a fair-minded and illuminating defense of C. S. Lewis and his Narnia books in the Chronicle of Higher Ed, against the rather vicious attacks of current children’s book author, Philip Pullman. HT: Arts and Letters Daily ...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved