Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Dec 31, 2025 8:23 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
The Spiritual Temptation of the Welfare State
The conditions under which the government transfers wealth are different than the conditions under which the church transfers wealth, says James R. Rodgers. Yet many Christian leaders are tempted to use the power of the state to dowhat is required of the church: Ginning up donations, however, is the hard road. Given the imperative that the needy should be fed, how much easier it is to step around the church and the power of the Gospel, and instead to make...
Defending the Free Market review: More than Mere Economics
On his Koinonia blog, Rev. Gregory Jensen reviews Rev. Robert Sirico’s new book, Defending the Free Market: The Moral Case for a Free Economy. Jensen: “Daring though the argument is, especially for a Catholic priest, it is also essential that it be made since for too many people (including business people), free market economic theory and policies are little more than a justification for greed. While not denying the excesses of capitalism and real sins of capitalists, Fr Sirico wisely...
Louisiana’s Valuable Commodity: Prisoners
Why is Louisiana the world’s prison capital? Are the residents of the Bayou State more criminal than other people around the world? Is the state’s law enforcement exceptionally skilled at catching bad guys? Or could the inflated prison population be, at least in part, the result of theperverse economic incentives of crony capitalism? The hidden engine behind the state’s well-oiled prison machine is cold, hard cash. A majority of Louisiana inmates are housed in for-profit facilities, which must be supplied...
Free Acton Institute eBooks on Judaism, Law and the Market Economy (May 20-24)
Beginning today, the conference “Religion and Liberty — A Match Made in Heaven?” gets underway in Jerusalem. Sponsored by the Jerusalem Institute for Market Studies (JIMS), the Acton Institute and others, the event asks questions such as, “Is capitalism not only efficient but also moral?” In conjunction with this May 20-24 conference, Acton is offering its two Jewish monographs through Amazon Kindle at no charge. The two titles: Judaism, Law & The Free Market: An Analysis by Joseph Lifshitz. [Kindle...
That the Name of God Should Be Forgotten
The Russian Orthodox naval cathedral in Kronstadt, reconsecrated in April From Interfax: Moscow, May 15 — On Tuesday, there will be 80 years since the Soviet government issued a decree on “atheistic five-year plan.” Stalin set a goal: the name of God should be forgotten on the territory of the whole country to May 1, 1937, the article posted by the Foma website says. Over 5 million militant atheists were living in the country then. Anti-religious universities — special educational...
Mark Zuckerberg and the Biblical Meaning of Success
There aretwo great lies our culture promotes among children in school, students in college, and professionals in the business world, says Hugh Whelchel: (1)“If you work hard enough, you can be anything you want to be.” (2) “You can be the best in the world. If you try hard enough, you could be the next Zuckerberg.” Whelchel explains why these lies have “catastrophically damaged our view of work and vocation, because they have distorted our biblical view of success.” If...
Faith and Science In a Fallen World
Reading as many blogs as I do, I’m always grateful when I stumble on a great blog post that is not only thoughtful, but relates to some aspect of our work here at Acton. Jason Summers over at Q Ideas has written an interesting piece titled Where Angels Cannot Tread: Science in a Fallen World. In his discussion of science, he notes humanity is uniquely equipped by God to engage with science. I believe that we Christians especially should listen...
Discerning God’s Call
For the next two weeks I’m privileged to be teaching a course on Christian ethics and contemporary culture at Farel Reformed Theological Seminary in Montreal, Quebec. This morning’s class focused on the issue of calling and the Christian life. We discussed some of the ways in which God’s call to follow es to different individuals in a variety of circumstances and in a variety of means. As background, we read Alissa Wilkinson’s short essay, “Vocation Takes Patience.” Discerning God’s call...
If Christ is Lord, Everything Matters
Recently we had an excellent discussion on twitter about the following idea that @JakeBishop8 shared: “Our greatest fear should not be of failure but of succeeding at things in life that don’t really matter.” In response to this idea we retweeted, another Jake (@JakeBelder) jumped in with: “If Christ is Lord over all, is it right to say there are things that don’t really matter?” What ensued was a great interaction between two “Jakes” about what matters in God’s Kingdom....
Catholic Diocese of Washington, DC and Forty Other Groups Sue Obama Administration
At least forty Catholic dioceses and organizations in the United States have filed suit against the Obama Administration for violation of First Amendment rights. According to , The suits filed by the Catholic organizations focus on the regulation that Health and Human Services Secretary Kathleen Sebelius announced last August and finalized in January that requires virtually all health-care plans in the United States to cover sterilizations and all Food and Drug Administration-approved contraceptives, including those that can cause abortions. The...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved