Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Aug 7, 2026 2:01 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
The Image of God and the Dignity of Work
Being made in the image of God, says Art Lindsley, is a powerful concept for finding our vocations and living a purposeful life. While the image of God remains after the Fall, it is certainly marred and defaced. As we are redeemed, what will we look like when the process pleted? As God restores us, our unique design in the image of God will shine even more brightly, and our gifts will reach their full potential. We will also look...
Radio Free Acton Podcast: Reflecting on the Legacy of Pope Benedict XVI Part 2
The latest Radio Free Acton Podcast is part 2 of “Reflecting on the Legacy of Pope Benedict.” Director of Research Samuel Gregg and Research Fellow Michael Matheson Miller discuss the ing papal conclave. They explain the process that will be used to choose Benedict XVI’s successor and what should be on the cardinals minds as they go about this process. Click the play button below to enjoy the podcast: ...
Check Your Rhetoric: What Common Good?
According to Daly, Soviet government sought to dictate every aspect of life in the name of mon good, including the indexing of Soviet publications by libraries. He writes, “[I]f Soviet publications failed to end up in libraries, then, as Lenin railed, ‘we have to know precisely whom to imprison.'”In the Winter-Fall 2012 issue of Modern Age (54, nos. 1-4), Jonathan Daly contributes a helpful exploration of what happens when desire for mon good goes bad. His article, “Bolshevik Power and...
Commentary: Is America the Federal Government?
“While president, Calvin Coolidge warned Americans that if it was thefederalgovernment that came to their mind when they thought of ‘the government,’ it would prove costly,” writes Ray Nothstine in this week’s Acton Commentary. But as Nothstine points out,everywhere we turn the federal government is increasingly visible and intrusive.The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publicationshere. Is America the Federal Government? byRay Nothstine Writing about his observations of America...
Black Marriage Matters
Brittney C. Cooper, Assistant professor of Women’s and Gender studies and Africana Studies at Rutgers University, writes at Ebony that President Obama is being unfair to the munity by pointing out that many of the violence-related pathologies in inner cities are a result of fatherlessness. Cooper objects saying, Instead when the president began by suggesting that we need to “do more to promote marriage and encourage fatherhood,” I started shaking my head. Rather than empathizing with those Black families that...
‘A New, More Grudging Attitude’: More on the HHS Mandate
Archbishop William Lori of Baltimore, writing on behalf of the United States Conference of Catholic Bishops (USCCB), is reaching out to members of Congress regarding religious liberty and the HHS Mandate. In a sharply-worded letter, he reminds members of Congress that there is a clear history of protecting the rights of those with religious and/or moral objections to paying for services such as abortion. He then goes on to address the so-called “war on women”: It can hardly be said...
Papal Infallibility: It’s probably not what you think
When most folks (Catholic and non-Catholic alike) hear “papal infallibility”, they often think “Catholics have to believe everything the pope says. They have to believe he’s never wrong.” Except that sometimes he is wrong, and that idea is too. In light of all mentary we are going to hear in ing weeks as the Church prepares to elect a new pope, it’s a good time to take a look at this particular Church teaching. First, Catholics believe that Christ himself...
Work-Life Fusion: Re-Thinking Workaholism in Christian Context
During an interview in support of his new book, Every Good Endeavor: Connecting Your Work to God’s Work, Tim Keller recently noted the importance of submitting our work as service to God rather than worshipping it as an idol. “Work is a great thing when it is a servant instead of a lord,” Keller said. When thinking about work as an “idol,” we may begin to conjure up images of the workaholic who spends above-average time and energy in all...
You Don’t Just Elect a President, You Elect a Regulatory Regime
“We have to pass the bill so that you find out what is in it, away from the fog of the controversy.” Nancy Pelosi was the House Speaker when she made those remarks about Obamacare at the 2010 Legislative Conference for the National Association of Counties. At the time, Pelosi was mocked for not understanding what was in the legislation she was supporting. But the reality is that with all legislation that is considered by Congress, we almost never really...
Vice, Virtue, and Shareholder Activism
King Louis XIV censored Moliere’s 1664 play Tartuffe after determining audience members might too easily confuse the titular priest’s hypocritical nature with every priest in real life. According to the king, some priests’ “true devotion leads on the path to heaven,” while others’ “vain ostentation of some good works does not prevent mitting some bad ones.” The king’s judgment in many ways also describes individuals who pursue their religious vocations while simultaneously championing secular causes such as proxy shareholder resolutions....
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved