Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Jul 15, 2026 8:15 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
What Christians should know about the Dow
Note: Almost four years ago, the Dow inspired me to start a series of posts explaining economic terms and concepts from a Christian perspective. It’s fitting then thatthe Dow is also motivation to relaunch this long dormant feature (over the past two days the Dow has suffered the worst point decline in history). I call it the “Dow Conundrum.” At least once a week, for as long as I can remember, I’ve heard about the Dow Jones Industrial Index (DJIA)....
Unemployment as economic-spiritual indicator — January 2018 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...
Merkel makes her move: What will her coalition look like?
Four months after Angela Merkel won a fourth term as chancellor of Germany, her allies have announced they finally expect to form a governing coalition this weekend, which will spare the nation a potential political collapse. At Religion & Liberty Transtatlantic, Mark Royce removes the reader’s uncertainty about this confusing situation, as Merkel’s putatively Christian and free market party prepares to align itself with its more secular, petitor. The two parties have already enacted important economic, environmental, and immigration policies...
Book Review: ‘Courage to Grow, How Acton Academy Turns Learning Upside Down’
Book Review: Courage to Grow, How Acton Academy Turns Learning Upside Down by Laura A. Sandefer I arrived at Amtrak’s Union Station from Kansas City at exactly 6:45 a.m. and stood in line waiting to board the 7:45 train to Grand Rapids, Michigan. I stood behind a rather large Amish family with seven or eight children. They graciously moved over so I could sit beside them on the bench. Over the next half hour, we were informed through several announcements...
Religion & Liberty: Growing pains in the romance lands
For our first issue of 2018, the R&L editorial board wanted to put together a very special “green” issue. We traveled across the country and talked to many experts to bring you essays, interviews, reviews and more, focusing on the environment, good stewardship and the importance of property rights. “Marotz-Baden Ranch” by John Couretas For the cover story, Director of Communications John Couretas and I ventured to Bozeman, Montana, and Yellowstone National Park. In “Growing pains in the Romance Lands,”...
Samuel Gregg: History has its eyes on Alexander Hamilton
Establishing a lasting and free county is no easy task. “The process of ordering freedom is never simple,” Samuel Gregg writes in a new article for Public Discourse, “Formally ratifying a constitution isn’t the end of the process. Articles and clauses need interpretation, ambiguities necessitate clarification, disputes require adjudication, and governmental structures giving effect to the constitution’s purposes must be developed.” No one understood that better than the ten-dollar founding father, Alexander Hamilton. Gregg reviews Kate Elizabeth Brown’s 2017 book,...
4 freedoms that affect your right to vote (and 1 that doesn’t)
This week marks the 100th anniversary of women’s suffrage in the UK. Just before the centenary, the Foundation for the Advancement of Liberty evaluated each nation’s electoral system in its first-ever World Electoral Freedom Index. It found that four separate freedoms correlate with a nation having free and honest elections. The report analyzed ponents of electoral laws, broken down into four categories: a nation’s political development, freedom to vote, ability to run for office, and the extent voters could hold...
What we get wrong about technology
When asked to think about how new inventions might shape the future, says economist Tim Hartford, our imaginations tend to leap to technologies that are sophisticated prehension. But the reality is that most influential new technologies are often humble and cheap and new inventions do not appear in isolation: To understand how humble, cheap inventions have shaped today’s world, picture a Bible — specifically, a Gutenberg Bible from the 1450s. The dense black Latin script, packed into twin blocks, makes...
10 facts about the 100th anniversary of women’s suffrage in the UK
Women in the UK received the right to vote for the first time 100 years ago today: February 6, 1918. Numerous cities are celebrating the centenary today and throughout the season. Here are the facts you need to know: The “Representation of the People Act” proposed the right for British women to vote – but only if they were over the age of 30, a property or homeowner, and a member of or married to a member of the Local...
David Bentley Hart’s new testament to class envy
David Bentley Hart’s idiosyncratic translation of the New Testament has brought new scrutiny to his theological and economic views. Hart has written extensively of his rejection of Augustinian “election” – a view that, according to N.T. Wright, affects his rendering of the Christian Scriptures. However, Hart promotes a nearly Manichean dichotomy between rich and poor. In the pages of First Things, Hart has argued that the New Testament regards wealth – the abundance of creation – as an “intrinsic evil,”...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved