Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
May 15, 2026 5:37 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
From academic to apoplectic
The article I referenced a couple weeks ago about the trends in conservative think tanks and philanthropy noted that the first phase was ushered in by F. A. Hayek. In some ways, the arc that Piereson sketches follows a change in the relationship that Hayek observed between what he termed “academics” and “intellectuals.” In his 1949 essay, “The Intellectuals and Socialism,” (PDF) Hayek defines an intellectual in this way: The term intellectuals, however, does not at once convey a true...
Harming head start
Two years ago the Head Start battle focused on effectiveness: Were low e kids truly better prepared for starting school because they had participated in the program? No solid answers emerged, but like so many other Beltway debates, the substance issues abate once the funding crisis is passed. Now Head Start is the focus of yet another brouhaha. Legislation attached to H.R.2123 by Rep. John Boehner (R-OH) ensures faith-based organizations receiving federal Head Start early childhood program dollars are not...
‘Monkey Business’
In the latest issue of the New York Times Magazine, the article “Monkey Business,” by Stephen J. Dubner and Steven D. Levitt examines economist Keith Chen’s research with capuchin monkeys and money. Here’s another case of science, in this case economics, being used to “prove” the continuity between (and therefore equivalency of) humans and animals. The implicit message is that we are really not all that different from our fellow creatures, nor that special. This seems almost absurd, but it’s...
Google’s memory
Google recently surpassed Time Warner as the world’s top media stock. Google provides services to about 19 million users per day. People go to Google to find things, participate in discussions via online forums, to check and send email, driving directions, and a host of other services. That is a lot of information about a lot of people…where does it all go? Apparently, Google keeps it all! What is the cost of this data collection? How much of our own...
An interview with Karen Woods
The Roundtable on Religion & Social Policy interviewed Acton’s Karen Woods, director of the Center for Effective Compassion (CEC) this week. Woods spoke about the work of the CEC, including the Samaritan Award, and also gave her perspective on the federal Faith-Based and Community Initiative. She says in part, With welfare reform in ’96, and certainly the waivers that preceded that in certain states, there was a change in the way that we looked at social services. Suddenly, work was...
‘God Makes No Mistakes’
‘God Makes No Mistakes’ You may not know it, but Loretta Lynn is a pretty good theologian. She’s so good, in fact, that some contemporary theologians, open theists like Clark Pinnock, for example, could take some lessons in orthodoxy. The lyrics to a song off her most recent record, Van Lear Rose, that illustrates her high view of God. Here are the words to “God Makes No Mistakes”: Why, I’ve heard people say Why is this tree bent Why they...
Live 8: Saving Africa?
Much has been written in recent weeks about Live 8, a series of concerts that will take place on July 6 in London, Paris, Berlin, Rome and Philadelphia. The name refers not only to the original Live Aid concerts that took place in 1985, but is also a reference to the G8 meetings that will be taking place in Edinburgh, Scotland at the same time as the concerts. G8 organizers are planning for massive protests which have been urged on...
The culture’s animating values
A Dove Foundation report released this week shows a link between family-friendly movies and profitability. es away from the Dove report with a sense that the movie industry is beginning to recognize a profit opportunity in producing more morally robust movies,” writes Rev. Robert A. Sirico. Read the full text here. The Dove Foundation report is available here (PDF). ...
Last week
Power corrupts…and upsets babies. Just in case anyone missed (or didn’t miss) my posting last week, I was on vacation following the birth of my first child, a son, on May 30 (Memorial Day). Owen Flynn Ballor 9 lbs., 2 oz. 20.5 inches 5/30/05 10:10 pm ...
Men without chests
In the spirit of C. S. Lewis’ classic The Abolition of Man ing available online, I pass along this story: Macho man is an endangered species…fashion industry insiders say. A study along these lines led by French marketing and style consultants Nelly Rodi was unveiled to Fashion Group International during a seminar Tuesday on future strategy for the fashion industry in Europe. Asks Pierre Francois Le Louet, the agency’s managing director, “We are watching the birth of a hybrid man....
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved