Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Jul 13, 2026 4:44 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
Does the Pope blast capitalism?
Jesus of Nazareth, the new book by Pope Benedict XVI, has been described as an attack on capitalism. But Rev. Robert A. Sirico offers a closer reading and finds that no such thing is true. The book, he says, “is explicitly a spiritual reflection on our own interior disposition toward those who are ‘neighbors’ to us and for whom we have some moral responsibility.” Read the mentary here. ...
Christians in the marketplace
This week’s ACT 3 weekly essay, “Why Christians Ought to Make a Difference in the Marketplace,” by David L. Bahnsen: I have heard it said in my life on more than one occasion that God sent his Son to save souls. Indeed, for evangelicals, that is certainly true. However, for the professing believer who talks of a deep concern for individual souls my question and answer will either be a gigantic disappointment or it may be a true experience of...
Changing the shape of magazine delivery
New postal rates went into effect yesterday, but the biggest impact of the new rates and policies hasn’t yet been felt. A new set of policies governing the delivery of magazines through the mail has been postponed until July. That’s a bit of needed good news for small magazines that will face rather hefty price increases. The increases have even got The Nation’s Katrina vanden plaining that “the Postal Service is a monopoly.” Maybe it’s time for magazines that can’t...
Do unto music as is done unto movies
There once was a time when it was, in practice at least, more difficult and costly to copy videocassette tapes than it was music pact discs, puter programs. That, in part, is the justification for how the US Copyright code treats music puter software differently than, say, movies. It’s also why you see panies, like Blockbuster and Netflix, that specialize in delivering rental videos for limited home usage. panies, like Gamefly, specialize in the rental of video games for consoles...
New bookshoppe items
There are two new items that should be noted in the Acton Bookshoppe. The first is The Call of the Entrepreneur DVD which is now available for pre-order. The DVD is not expected to ship until the fall but you can start lining up for one of the first copies right now. The second item is The Call of the Entrepreneur Study Guide by Rev. Robert Sirico. The study guide touches on many of the same themes as the DVD,...
Business ed in Catholic Universities Conference
The John Ryan Institute at the University of St. Thomas announces its 2008 symposium in the series Catholic Social Thought and Management, to be on the topic of “Business Education at Catholic Universities.” These biennial conferences are large affairs passing a refreshingly diverse array of viewpoints. The conferences page is here, though the link to the 2008 event seems not to be operational yet. ...
Government divides, families unite – Pope Leo XIII saw it coming
Jennifer Roback Morse takes a look at The War Between the State and the Family, a book that examines some of the family unfriendly social policies of the United Kingdom. The state, she finds, is in the process of atomizing the family into a loose association of persons with easily separated relationships. posing society into nothing but a collection of unattached individuals has been destructive of individuals and society alike,” Morse writes. Read the mentary here. ...
Austrians at Acton University 2006
A contingent from Austria that attended last year’s Acton University produced a video on their experiences: Want to learn more? Register for next month’s Acton University 2007 (June 12-15, 2007) today. Applications are also open next month for the Toward a Free and Virtuous Society conference to be held in Sonntagberg, Austria, Sept. 20-23, 2007. Applications will be accepted June 1-July 1, 2007. ...
Sponsor a child’s education
There are details about how you can sponsor a child to receive an education at the new Christian Primary School in Kabala, Sierra Leone at the project’s blog. The school is an effort pursued by Fraser Valley Christian High School in Surrey, British Columbia, in conjunction with Christian Extension Services in Sierra Leone. I have mentioned the new school in a previous Acton Commentary. The cost of sponsoring a child is $200. Some more details about the education offered by...
The (civil) religion test
Commentators call it “The Religion Test.” What does it mean when the Constitution says there should be no religious test for holding office in the United States? Historically it has plainly meant that no candidate, be they a Quaker, a Baptist, a Pentecostal or a Mormon can be barred from office because of their religion. The question is once again on the table with the serious candidacy of Mitt Romney for the presidency. And many who are concerned about Romney’s...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved