Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Jul 27, 2026 7:17 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
‘A higher freedom’: David Brooks on restoring the moral imagination
We continue toseethe expansion of freedom and the economic prosperity around the world. And yet, despite having enjoyed such freedom and its fruitsfor centuries, the West isstuck in a crisis of moral imagination. For all of its blessings, modernity has led many of us to fort andprosperity with a secular, naturalistic ethos, relishing in our own strength and designs and trusting in the power of reason to drive our ethics. The result is a uniquely moralistic moral vacuum, a “liberal...
Explainer: What you should know about welfare reform
This month marks the 20th anniversary of welfare reform, a bipartisan measure that made important changes to our country’s welfare system. Here is what you should know about this milestone legislation. What was “welfare reform”? Welfare reform is the nickname given to the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). This 251-page federal law was introduced by Rep. E. Clay Shaw, Jr. (R-FL) in June 1996 as part of the Republican Contract with America and signed into...
The global poor’s exclusion from markets
It’s mon misconception in public discourse that the global poor are trapped in poverty because of globalization. We frequently hear things from our public leaders about how markets are crushing the poor. “The reality is that the poor aren’t dominated by markets. They are excluded from them.” says Michael Matheson Miller in an article for The Stream. Miller hits on four different problems and misconceptions of how international economic development is currently addressed. He starts out by explaining how the...
Imago Dei—male and female
The PowerBlog es Lisa Slayton with her review of A Woman’s Place: A Christian Vision for Your Calling in the Office, the Home, and the World by Katelyn Beaty. Slayton joined Pittsburgh Leadership Foundation in 2005 to develop a leadership offering, the Leaders Collaborative, that integrated a biblical worldview with vocational discipleship and organizational effectiveness for the flourishing of our city. She became the President/CEO in 2012 and is passionate about moving faith/work/vocation from theory to praxis. Imago Dei—male and...
A ‘house of cards’ in Nicaragua
“When Nicaragua is in the news, it is usually bad news,” says Paul J. Bonicelli in this week’s Acton Commentary, “and so it is once again as it descends into another dynastic dictatorship.” The man currently building the latest family-run state is the incumbent president Daniel Ortega, although apparently the irony is lost on him since he led a socialist revolution 40 years ago to overthrow the previous dynasty. The history of Nicaragua is a cycle that runs from dictatorship...
What Christians can learn from Adam Smith’s ‘paradox of value’
In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet humanneeds in the economic order,whether throughtrade policy, reducing price controls,orany number of other areas.Discerning “economic value” is a tricky thing, andfree economies are a handy tools for working through these thingsinpeaceful and productive ways. But as Agarwal...
Does the Catholic Church oppose the free market?
Modern Catholic social teaching has been articulated, as the U.S. Conference of Catholic Bishops notes, through a tradition of papal, conciliar, and episcopal documents. These documents developed a number of themes related to economic and social policy, such as the option for the poor and vulnerable and the dignity of work and the rights of workers. Because of this focus, Catholic social teaching on economics is often associated with the political left. But is that a fair assessment? James Baresel...
Explainer: What you should know about the American Solidarity Party platform
Note: This is the thirdin a series examining the positions of several minorparty and independent presidential candidates onissues covered by the Acton Institute. A previous series covered the Democratic Party platform (see here and here) and the Republican Party Platform (see here and here). Although minor parties —often called “third parties” to distinguish them from the dominant two — have always been a part of American politics, the dissatisfaction with the Republican and Democratic parties in the current election season...
The doom delusion: overcoming pessimism in a prosperous age
Global poverty is on the decline. Technological progress is pacingat break-neck speed. Freedom and opportunity are spreading across the world.And yetour political classes and popular masses continue to preach of impending doom. Why do we haveso muchpessimism in an age of such pronouncedprosperity? In a splendidessayfor The Spectatoron the “doom delusion,” Johan Norberg argues that, on the whole, there is actually great cause for optimism. Writing in a vein similar to thinkers such as Matt RidleyandDeirdre McCloskey, Norberg reminds us...
Colleges don’t need ‘trigger warnings’ — and neither do Christian students
In the early 1930s a student organization at the University of Chicago invited William Z. Foster, the Communist Party’s candidate for President, to give a lecture on campus. Not surprisingly, the event sparked outrage and criticism, both at the school and around the country. In response the school’s president, Robert M. Hutchins said, “our students . . . should have freedom to discuss any problem that presents itself” and said the “cure” for ideas we oppose “lies through open discussion...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved