Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Feb 25, 2026 5:01 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
Philadelphia’s tax mess calls for reform
When I lived in Philadelphia, Pa. as young boy, I always wondered why they called it the city of “Brotherly Love,” especially since some of the neighbors seemed so mean. The name “Philadelphia” is mentioned in Revelation 3:7. William Penn gave the city that name so as to serve as a reminder of the importance of religious liberty, peace, and an optimistic spirit. “We must give the liberty we seek,” said Penn. Some of my family roots hail from the...
Who said it?
Surely these are the words of a disciple of Hayek or Friedman, right? Under the guise of protecting us from ourselves, the right and the left are ing ever more aggressive in regulating behavior… …The real question for policy makers is how to protect those worthy borrowers who are struggling, without throwing out a system that works fine for the majority of its users (all of whom have freely chosen to use it). If the tub is more baby than...
Educational freedom under attack
As many PowerBlog readers will be aware, homeschooling is an educational choice that increasing numbers of parents are making. Once a fringe activity operating under the radar of the law, over the course of the last thirty years it has practically gone mainstream, being legalized de jure in most states and de facto in the others. No one has precise numbers (the government can’t track them!), but everyone agrees that the number of homeschooled children in the US has long...
Papal Rosary at the Vatican
Recently, I had the distinct honor to represent Canada at the Papal Rosary for University Students in Rome. The event was held in the Pius VI Hall and was well attended by more than 12,000 students and faithful. Though the story behind my choice of country remains long and obtuse, suffice to say it was an honor to represent any English speaking country before the Holy Father. The Pope’s message following the Rosary promotes virtue, freedom, and justice for all....
Two words of praise and one of caution
I’ve been on record more than once regarding my own doubts and criticisms of the precise political pronouncements made by various church groups, especially offices and branches seemingly representing the institutional church. So when I see something sensible and ing from these same sources, it’s only right and fair that I acknowledge and celebrate them. Here are two items worthy of notice: The first is from the newsletter of the Office of Social Justice and Hunger Action (OSJHA) of the...
Muslim tolerance
At 93% Muslim—Orthodox churches account for most of the rest—Azerbaijan is the sort of country that tends to lack what some have called “reciprocity,” meaning that Christians enjoy the same freedom relative to the Muslim majority as Muslims do in Christian-majority nations. Amidst the justifiable attention and worry religious liberty advocates have lately devoted to the problem (see our own John Couretas on Turkey), it is good to note instances of progress. Such a story emerges this week from the...
A private matter
Via Hugh Hewitt, here are Carol Platt Liebau’s thoughts on the prostitution scandal now engulfing New York Governor Eliot Spitzer: The whole idea, pioneered by you-know-who and enabled by you-know-who-else, is that illicit sexual behavior and the scandals resulting therefrom can be brazened out by the insistence that they are irrelevant to the discharge of public duties. As I argue in my book, it’s all part of a new ethical calculus concluding that — uniquely in the constellation of virtues...
Not so fast…
The big boys at the Southern Baptist Convention are running from Jon Merritt’s statement on ecology and climate change faster than a pack of polyester-clad deacons trying to beat the Assembly of God folks to Denny’s for Sunday brunch. The so-called “Southern Baptist” statement is not an initiative of the Southern Baptist Convention which voiced its views on global warming last summer in a resolution, “On Global Warming”. More from WorldNetDaily: “For the record, there has been no change in...
Elizabeth Anscombe’s ethical challenge
The Pontifical University of the Holy Cross in Rome held a conference last month dedicated to Elizabeth be’s work Intention and essay “Modern Moral Philosophy”, a groundbreaking paper for the field of ethics. be (1919-2001), an Irish convert to Catholicism, was a fellow of philosophy at Cambridge and Oxford Universities, wife to philosopher Peter Geach, and mother of seven. She wrote a number of different papers and articles following ethical questions of her day, for example just war theory in...
Sensationalist reporting muddles Catholic social teaching
“Recycle or go to Hell, warns Vatican”. “Vatican Increases List of Mortal Sins”, “Vatican lists ‘new sins’, including pollution”. These were three of the most sensationalist headlines in yesterday’s English-speaking press, picking up on an interview with a Vatican official published in L’Osservatore Romano on Sunday. The official, Bishop Gianfranco Girotti, is the mand at the Apostolic Penitentiary (despite the name, it is not a jail but the Vatican office responsible for issues relating to the forgiveness of sins in...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved