Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
May 2, 2026 8:43 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
Wilfred McClay on friendship new and old
What is friendship? What does it mean to be or to have a friend? And why does Aristotle consider friendship a virtue and an important for political life? Wilfred McClay has a nice essay on friendship at the Hedgehog Review, where he reflects on the title of the song “My New, Old Friend.” McClay writes that he initially did not like the idea of a“new old friend,” first because true friendship is rare and takes time to develop, and second...
The UK Supreme Court’s dangerous ruling
This morning, the Supreme Court of the United Kingdom ruled unanimously that Boris Johnson unlawfully suspended Parliament and annulled hisorder to prorogue. Today’s Supreme Court decision holds deep importance for Brexit, EU corruption, and the rule of law. The Supreme Court branded Prime Minister Johnson’s order to prorogue Parliament “unlawful” and declared it null and void. Members of Parliament were told to act as though it had never taken place. Speaker John Bercow announced Parliament will return to session tomorrow...
Remember the trees
In this week’s Acton Commentary I argue that pathos and politics isn’t enough to address the contemporary challenges of environmental stewardship in general and climate change in particular. I point to the necessity to recognize the gifts and responsibilities that God has given to humanity. This includes natural resources like trees and human endowments like ingenuity and creativity. And in case you think remembering the trees is too basic of an idea, I will say that I once attended an...
5 key points of Donald Trump’s UN religious freedom remarks
President Donald Trump addressed the Global Call to Protect Religious Freedom on Monday, ing the first U.S. president to host a United Nations meeting on religious liberty. The heads of state of more than 130 nations and UN Secretary-General António Guterres attended. Here are five key themes of his address: 1. Rights are unalienable, because e from God. “The United States is founded on the principle that our rights do e from government; e from God. This immortal truth is...
Fact check: Did ‘austerity’ kill 120,000 people?
Did stingy UK mit “economic murder” by slashing NHS funding? A clip of a self-described Communist accusing the government of killing 120,000 people has gone viral, but the facts do not bear out her contention. Ash Sarkar, who scored a glowing profile inTeen Vogueafter calling herself “literally a Communist,” made ment on the BBC programQuestion Time: Austerity was not just a bloodless balancing of the books it was paid for with people’s lives, 120,000 people. The reason why I’m so...
Bailouts, moral hazards, and the scapegoating of the taxpayer
If pandering is the politicians’pastime, then we owe a special debt of gratitude to those who resist this seemingly irresistible force. Today, UK Prime Minister Boris Johnson confirmed that he refused to extenda £150 million government bailout to preventThomas Cook, the world’s oldest travel agency, from going bankrupt. Moreover, the prime minister explained his actions in both economic and moral terms. “It is perfectly true that a request was made to the government for a subvention of about £150 million​,”...
Sohrab Ahmari’s biggest mistake
The debate between Sohrab Ahmari and David French has sparked a useful conversation about the means and ends of liberty. In that discussion, both men make valid criticisms and both sometimes fall short, but a recent column by Ahmari reveals perhaps the most glaring error in his perspective. Ahmari believes both economic interventionists (“progressive liberals”) and those who oppose state intervention (“conservative liberals”) share the same goal of maximizing freedom apart from state coercion. AtFirst Things, he writes: Progressiveliberals are...
Pandering: The politician’s pastime
What if someone told you “politicians sacrifice long-term economic performance for individual, political gain”? Many people would yawn (or sigh) and say this is obvious, or perhaps they would say it’s obvious with respect to the politicians in that otherpolitical party (the one that opposes their own). Nathan Jensen and Edmund Malesky, however, have not only made the claim quoted above, they’ve set out to prove it through hard data and careful argumentation in their book Incentives to Pander: How...
The Saddleback story: When a ‘call to missions’ results in entrepreneurship
When David Munson was 19 years old, he went on a missions trip and was sure he had discovered his ultimate vocation. “I just knew I wanted to do ministry for the rest of my life,” he says. Soon thereafter, he moved to Mexico to teach English as a way to kickstart his life in foreign missions. Yet through a range of unexpected encounters, he found himself designing leather products and selling them out of his truck. The weirdest part:...
10 facts about homelessness in America
The homeless represent the most vulnerable portion of Americans living in poverty. The latest U.S. government report on homelessness shows that a culture ofsecularism and statism isdepriving Americans of church philanthropy, curbing the free market’s ability to provide,and leaving the most vulnerablereliant on the government – or the mercy of the streets. The Council of Economic Advisers detailed their conditions in itsreporton “The State of Homelessness in America,” released last week. It found that “rent controls” may have priced homeless...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved