Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Mar 6, 2026 9:38 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
What is Crony Capitalism?
Here on the Acton PowerBlog we talk a lot about crony capitalism.But what exactly does the term mean? And why is it so bad? In this short video from Prager University, Jay Cost, a staff writer at The Weekly Standard, explains what it is, why it’s wrong, andproposes a solution that every society could benefit from. See also:What Christians Should Know About Crony Capitalism ...
The dangers of political populism
Reason doesn’t seem to have had a significant influence in the election thus far. Populism, on the other hand, has been having a good run. Despite Donald Trump and Bernie Sanders appealing to very different groups and offering seemingly different platforms, they’re both populists. Acton’s director of research, Samuel Gregg, has noticed a striking similarity between the populist playbook Trump and Sanders use and the rhetoric that Alexander Hamilton spoke out against in the 1780s. Writing for The Stream, Gregg...
Radio Free Acton: Todd Huizinga on The New Totalitarian Temptation
Acton Institute Director of International Outreach Todd Huizinga joins us on this week’s edition of Radio Free Acton to discuss his new book, The New Totalitarian Temptation: Global Governance and the Crisis of Democracy in Europe. When many of us think of the European Union, we picture an organization of European democracies acting in concert on a variety of issues, and holding mon (albeit troubled) currency. But how democratic is the EU? What philosophy undergirds the European project? Is the...
The Religious Left’s 2016 Proxy Agenda Revealed
The silly season once again is upon us, and by that your writer doesn’t mean federal campaigning for political office for which he cares little or the prevalence of self-promoting entertainment awards programs for which he cares even less. Instead, he means the 2016 proxy shareholder resolution season, specifically as it applies to nuisance resolutions from religious investment groups having more to do with leftist agendas than rational corporate governance and … well, you know … religion. The Interfaith Center...
Green America’s Immoral Anti-GMO Crusade
Readers will forgive their writer for being clueless when es to the connection between religion and mayonnaise. Ever since Woody Allen’s character pondered converting to Roman Catholicism in the 1986 film Hannah and Her Sisters by schlepping home a Bible, Crucifix, loaf of Wonder Bread and a jar of Hellmann’s mayo, I’ve wondered what on earth the condiment reference meant. About the sacrilege associated with Allen’s Wonder Bread allusion the less said the better, even during the Lenten season. Yet...
Crossing the Waters of Freedom
“Although its roots are often attributed to Latin America, liberation theology was born in German schools of theology in the early twentieth century,” says Ismael Hernandez in this week’s Acton Commentary. “From this birthplace in the ivory towers of the Old World, priests and theologians brought it to the jungles and plains of the New.” Troubled by the genuine needs of the natives, these populist theologians challenged the pre-capitalist system that perpetuated the poverty of Latin lands. Energized by their...
Why Protectionism Is Like Drinking Salt Water
Protectionism, the practice of shielding a country’s domestic industries from petition by taxing imports, has a strong appeal for Americans because it seems so obvious. If the globalized economy is a zero-sum game, then a “win” for China in the form of increased manufacturing jobs is likely to be a “loss” for America. The solution would therefore be to prevent China from taking “our jobs.” But sometimes what seems like an obvious solution can exasperate the underlying problem. Imagine that...
How Trump and Sanders Plan to Raise Taxes on the Poor and Working Class
Imagine that a presidential candidate promised to raise taxes on everyone. Under the new proposal, both the wealthy and middle classes would pay more. But as a percentage of a person’s e, the tax increase would disproportionatelyaffect the poor and working class. Now imagine that when many blue collar and working poor hear about this tax proposal they have a strange reaction: they cheer and consider it one of the primary reasons to support the candidate. They believe this deeply...
Bernie Sanders Says Pope Francis is a Socialist
Since the mid-1800s every pontiff—from Pius IX to Benedict XVI—has forthrightly condemned socialism.But could that trend be broken with Pope Francis? Could he be a closet socialist? Bernie Sanders seems to think so. In a recent interview Sanders was asked whether he thought Francis shared the senator’s socialist views: “Well, what it means to be a socialist, in the sense of what the pope is talking about, what I’m talking about, is to say that we have got to do...
The real foundations of secular ideologies
Henri de Lubac Writing for the Catholic World Report, Acton’s Director of Research Samuel Gregg, reflects on Cardinal Henri de Lubac, whom he calls one of the “greatest theologians” of the 20th century. Gregg also argues that de Lubac’s interest in how secular ideologies such as Marxism or socialism had such influence on the Western church would benefit us today. “As someone immersed in the history of theology,” Gregg says, “de Lubac understood that the antecedents of some of the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved