Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Jun 9, 2026 11:34 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
5 Facts About the National Day of Prayer
Today is the National Day of Prayer, an annual day of observance celebrated by Americans of various faiths. Here are five facts you should know about the day when people are asked “to turn to God in prayer and meditation.” 1. The National Day of Prayer is an annual observance held on the first Thursday of May, inviting people of all faiths to pray for the nation. It was created in 1952 by a joint resolution of the United States...
The Despotic Reign of Fear
Yesterday was both Star Wars Day (May the Fourth) and the day that Donald Trump became the presumptive presidential nominee for the Republican party. I reflected on the confluence of these two phenomena in a short essay on what Mr. Trump might learn from Emperor Palpatine. It is not well-known, perhaps, but Palpatine was instrumental in creating the so-called Book of Sith, which includes a treatise by him on “Absolute Power.” I draw a couple of lessons for Mr. Trump...
Christianity and the Rise of Capital
“Money has not only the character of money,” says Samuel Gregg in this week’s Acton Commentary, “but it also has a productive character which monly call capital.” Like all medieval clergy, Olivi and Bernardine fiercely opposed usury. “Usury,” Bernardine wrote, “concentrates the money of munity in the hands of a few, just as if all the blood in a man’s body ran to his heart and left his other organs depleted.” Yet the same Bernardine also invested time in explaining...
The European Union: ‘A secular heaven on earth’
The New Totalitarian Temptation “is the best book ever written about the European Union,” says John Fonte, who just reviewed it for National Review. Acton’s director of international outreach, Todd Huizinga, wrote Totalitarian Temptation based on his experience with the U.S. Foreign Service in Brussels, Luxembourg, and Germany. As an American who spent two decades living and working in Europe, he has a few things to say about the European Union and its decline into a soft utopia. Fonte, a...
Samuel Gregg on why Bernie Sanders was invited to Vatican
At Catholic Vote, Acton Research Director Samuel Gregg joins the web site’s political director Josh Mercer to look into the reasons why socialist and Democrat presidential candidate Bernie Sanders “was invited by ‘the Vatican’ (actually: Pontifical Academy of Social Sciences) to speak on e inequality.” Gregg and Mercer also discuss whether socialism is on the rise here in the United States. Tune in here. ...
Lord Acton: Man of Multitudes and Contradictions
Lord Acton was a man of multitudes: he had a scholar’s library of about 67,000 volumes, his notes and manuscripts in the Cambridge library fill some 50,000 pages, and he produced 200 definitions of liberty. Yet despite his productivity, the man who was once called “the most learned Englishman alive” never published a book. At Open Letters Monthly, Luciano Mangiafico takes a in-depth look at the fascinating life of Lord Acton: Contradictions in Acton’s life and views abound: although he...
A Great and Mysterious Collaboration: How Trade Turns Work Into Fellowship
“The fruit of our labor is fellowship. munity. It’s relationship.” Global trade has suddenly emerged as a hot conversationin the current election cycle, with candidates likeDonald Trump and Bernie Sanders leading the charge toward severe protectionism, while the others quietly shrug and nod along accordingly. Voters of all ideological stripes areresponding with fervor, calling for more trade barriers and increased manipulation of prices and wages, hoping to insulate the American economy from our global neighbors and “keep what’s ours.” Such...
Is Pope Francis’ Audit of Vatican Bank Over?
Late last year Pope Francis ordered the first ever external audit of Vatican accounts. After a series of embarrassing leaks and scandals, the pontiff promised to make the Vatican’s finances more transparent. But recently it was announced that audit was “suspended immediately.” In the Detroit News, the Rev. Robert A. Sirico, co-founder and president of the Acton Institute, considers what this portends for the Vatican’s financial reform: I arrived in Rome to participate in a conference on Catholic social thought...
In Italy, Stealing Food Out of Hunger Is No Longer a Crime
Five year ago, Roman Ostriakov, a homeless Ukrainian living in Italy, attempted to steal cheese and sausages worth $4.50 (€4.07). Before he could leave the supermarket, though, Ostriakov was caught and convicted of theft. He was ordered to pay a fine of $115 (€100) and spend six months in jail. But Italy’s supreme court has overturned the conviction, writing: The condition of the defendant and the circumstances in which the merchandise theft took place prove that he took possession of...
Life in Exile: Has America Ever Been a ‘Christian Nation’?
Evangelicals are known for referring to America as a “Christian nation,” sometimes as a nod to its basic demographic disposition, but more often as a deeper theological statement about the country’sfounding and spiritual status. Whether viewed through the mundane misapplications of Old Testament scripture or the more highly entrenched revisionism of Christian “historians” like David Barton, there is a popular view among evangelicals that America has access to a sort of pre-New Testament covenant.Given such a mindset, we shouldn’t be...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved