Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
May 23, 2026 2:54 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
How are Religious and Economic Freedom Connected?
Today at Public Discourse, I examine recent data that strongly suggests that “freedom from government restrictions on religion often paves the way for economic liberty.” I write, Thus, we can say that if someone wishes to promote economic liberty worldwide, one should not neglect to encourage religious liberty at the same time. This requires facing the challenges of any given country’s religious context and history, while underscoring the importance of interreligious studies for international economic development efforts. These findings also...
Samuel Gregg on the Complicated Relationship of Business & Religious Freedom
Samuel Gregg, Acton’s director of research, recently wrote about the plicated relationship” between religious freedom and business. While there may not seem like a natural connection between these two concepts, Gregg points out that, especially recently, we are seeing a number of businesses “impacted by apparent infringements of religious liberty.” He goes on to discuss just plicated this relationship is: Until relatively late in the modern era, most Jews in Europe were legally prohibited from formal involvement in political life...
Swift vs. Spotify and the Future of the Struggling Artist
Taylor Swift recently made waveswhen her record label pulled her entire catalog off Spotify, apopular music streaming service. Fans and critics responded in turn, banging their chests and wailing in solidarity, meming and moaningacross the Twitterverseabout the plight of the Struggling Artist and the imperialism of mean old Master Spotify. Yet as an avid and thoroughly satisfied Spotify user, I couldn’t help but think of the wide variety of artists sprinkled across my playlists, a diverse mix of superstars, one-hit-wonders,...
How Future Choices Can Lead to Present-Day Cronyism
Sometimes the current decisions we make today can affect the options that e available to us in thefuture time. For example, I may spend less money today in order to be able to spend more at a future point in time, such as duringretirement. The name for this economic concept is “intertemporal choice.” What we expect or desire to happen in the future can affect the choices we make now. While this concept may appear obvious, it can have significant...
Three Keys to a Flourishing Middle Class
In the latest edition of his monthly newsletter, Economic Prospect, John Teevan offers three keys to cultivating a flourishing middle class, as excerpted below: e and Jobs: America looks at jobs and es alone and can only explain fading middle class by blaming rich people. We can do better than just focus on money. Isn’t life more than your job and what it will buy? …Marriage and Family. The middle class would swell and poverty would be decimated if all...
Christians: We Are More Alike Than We Are Different
My favorite psychology professor, when I was an undergrad, had a saying: “We are all more alike than we are different.” While most of us would never know the horror of paranoid psychosis, he said, we all know the fear of walking into a room and thinking, “Why is everyone looking at me? Is something wrong?” It’s in this realization of mon human experiences that we could begin to see even the most ill person in passionate manner. It seems...
National Catholic Register Interview on PovertyCure
What is the best way to help the the global poor? One group attempting to bring innovative thinking to that question is PovertyCure, an initiative of the Acton Institute. PovertyCure brings together an international coalition to encourage entrepreneurial solutions to poverty that are rooted in a Christian understanding of the person, who is created in the image of God. Michael Matheson Miller, the director of PovertyCure, was recently interviewed about the project by the National Catholic Register: What are some...
Interview with Rev. Sirico at Christianity Today
In an interview forChristianity Today, Joseph Gorra, founder and director of Veritas Life Center, talks to Acton’s president and co-founder Rev. Robert Sirico about economic life and human flourishing: At this year’s Acton University conference, you spoke on how love is an indispensable basis for economic life. To some, that might seem odd if economic life is viewed as the maximization of utility and material well-being. We can’t enter the marketplace as something other than what we really are, and...
Explainer: Everything You Ever Needed to Know About Grand Juries
By the end of this month, a grand jury is expected to hand down a decision in the case of the shooting of Michael Brown by police officer Darren Wilson in Ferguson, Missouri. One ofthe most frequently considered questions related to the case is, “What exactly is a grand jury?” Although seemingly shrouded in mystery, grand juries are an essential part of the protections of our liberties within the legal system of the United States. Here is everything you ever...
Why Gender Matters for Christian Stewardship
“By putting male and female together as the image of God, there’s something very powerful being said about the rest of creation… about how the male and female together have the task of bringing the love and life and stewardship and care of creation of God into the rest of the world.” –N.T. Wright Christians believe that all humans are created in the image of God, a notion that shapes our understanding of human dignity and transforms our view of...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved