Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Jan 17, 2026 10:45 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
American students: Raw material or individual persons?
Catherine Pakaluk The quality of K-12 education in America is a major concern. This is largely because, despite marginally high spending per student, the United States does pete very well against other countries on standardized tests. The economics of education particularly interested Catherine Pakaluk, who holds a doctorate in economics from Harvard and is an assistant professor of economics at Catholic University of America. Pakaluk gave a lecture, “Economics of Education,” on June 23 at Acton University. In this talk,...
Dorothy Sayers, school choice, and long run student success
Today’s Wall Street Journal article on education choice, “New Evidence on School Vouchers,” might look oddly familiar for those of us who have read Dorothy Sayers’ The Lost Tools of Learning. The WSJ piece refers to two new studies that investigated student performance in states with voucher programs: Louisiana and Indiana. In Louisiana, a state with a program that allows for vouchers for private schools, 7,100 students attend private or religious schools. Meanwhile, over 34,000 students utilize Indiana’s statewide voucher...
State Department releases 2017 Trafficking in Persons report
This week the State Department released the 2017 Trafficking in Persons Report, a congressionally mandated report that looks at the governments around the world (including the U.S.) and what they are doing bat trafficking in persons – modern slavery – through the lens of the 3P paradigm of prevention, protection, and prosecution. “Human trafficking is one of the most tragic human rights issues of our time. It splinters families, distorts global markets, undermines the rule of law, and spurs other...
The West was built on faith, family, and free markets: Trump
During a remarkable speech this morning in Warsaw, President Trump did something that many believed impossible: He spoke clearly – eloquently, even – as he passionately defined and defended transatlantic values. Unlike so many of those who parrot the phrase, he began by describing what those values are. Standing at the site of the Warsaw Uprising, he said that Western civilization is embodied in faith, family, economic vitality, limited government, national sovereignty, intellectual freedom, and the pursuit of excellence. Those...
Pulling out of Paris agreement is a ‘market distortion’: European leader
The G20 summit in Hamburg e to an end, and the dominant story remains America’s withdrawal from the Paris climate agreement. It’s been less reported that some European leaders have implied that the EU should take economic revenge on the U.S. because – in their words – limiting government intervention in the economy is a “market distortion.” Germany currently holds the presidency of the G20 summit, with Chancellor Angela Merkel overseeing the violence-plagued event. The final declaration notes the U.S....
Can health care be left to the free market?
In one of the worst opinion pieces published in the New York Times in recent memory, Farzon A. Nahvi, an emergency medicine physician, argues the free market cannot provide health care because some patients arrive at the hospital unconscious: As an emergency medicine physician in a busy urban hospital, I have patients brought to me unconscious several times a day. Often, they are found down in the street by a good Samaritan who called 911 on their behalf. We are...
Opening the American city: Toward a new urban agenda
In the mid-20th-century, American cities suffered a wave of violent crime and poverty, due in part to shifts in the economy and public policy, as well as mass suburbanization. Yet in recent decades, those same cities are experiencing somewhat of a renewal. Crime rates are falling. Prosperity is on the rise. And new opportunities for growth, diversity, and innovation abound. “We are at the dawn of the urban century,” writes Michael Hendrix in a new report from AEI’s Values &...
Unemployment as economic-spiritual indicator — June 2017 report
Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and munities. Conversely, not having a job can adversely affect spiritual and psychological well-being of individuals and families. Because unemployment is a spiritual problem, Christians in America need to understand and be aware of the monthly data on employment. Each month highlight the latest numbers we need...
Chief Justice John Roberts tells kids they need to eat a little dirt
There’s an old proverb that says, “We must eat a peck of dirt before we die.” What this means is that just as no one can escape eating a certain amount of dirt on their food, everyone must endure a number of unpleasant things in his or her lifetime. A peck is about two gallons, which would be a lot of dirt if you had to eat it all at once. But over a lifetime the few grains of soil...
New Yorkers can fix the subway – if we let them
Just last week, two New York City subway cars derailed, causing dozens of injuries.The situation did not improve on the next day when repairs caused delays and confusing schedule changes. In response, New York Governor Andrew Cuomo declared a state of emergency and pledged $1 billion dollars to update the subway system. This is hardly the first problem the subway system has recently faced. “The power failures that have been going on,” Cuomo began in a recent address, “that have...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved