Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Aug 14, 2026 10:18 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
A moral shell game
Rev. Mark H. Creech, a Christian Post columnist, has an excellent piece on the game that state’s play depicting participation in state run lotteries as the moral and praiseworthy course of action. To see some of my thoughts on government-sponsored gambling, go here. ...
Too poor to be Catholic?
Reporting on an act of vandalism on the cathedral of Buenos Aires, Reuters asserts that Latin America is a region “whose poor and hungry often cannot afford to follow Roman Catholic doctrine.” How’s that??? Reuters does not expand on its theology, but we can take a guess at what this all implies. The poor and hungry cannot be expected to follow the Catholic Church’s teachings on abortion and contraception, because we all know that poverty and hunger are alleviated by...
C. S. Lewis on American public education
Some might be acquainted with the argument about education that C. S. Lewis makes in his The Abolition of Man, especially his idea of “men without chests.” If you haven’t read it, please do, it’s well worth the time. But many are probably not familiar with Lewis’ view of the specifically American educational system. To this end, I’ll share some representative sections from a pair of Lewis’ works below. First, we have the Preface to Lewis’ “Screwtape Proposes a Toast,”...
Europe in a crisis of cultures
Excellent and ments from Cardinal Ratzinger from the conference held on April 1, 2005, at the Monastery of St. Scholastica, Subiaco, Italy. The entire text will be published by Cantagalli Editore, Italy. Full text of the extract available from the Seattle Catholic : The true contrariety which characterizes the world of today is not that among diverse religious cultures, but that between the radical emancipation of man from God, from the roots of life, on the one hand, and the...
Economics and Benedict XVI
Rev. Sirico gives a brief survey of the continuity on economic thought between John Paul II and Benedict XVI in this excerpt of an interview on yesterday’s EWTN show Live from the Vatican. ...
Christians in the public square
mentating on Romans 13:5 and following: “let us learn that in those who believe in Christ, the works of political and economical life are good works and acts of worship of God, not merely secular works, because society must be preserved in order that God may e known in it. This purpose is not a worldly matter, since all activities of the political life are aimed at this purpose: God wanted them to be exercises of confession, and on account...
Benedict XVI and freedom
Acton adjuct scholar Alejandro Chafuen argues that the new pope places the concept of freedom centrally to his thinking. And “with es an incalculability — and thus the world can never be reduced to mathematical logic,” writes Chafuen. Read the full text here. ...
Today is Earth Day
For resources about and Earth Day, including some information about the relationship between Christians and environmental stewardship, visit the Earth Day Information Center at the National Center for Public Policy Research. And don’t forget to check out this mentary on Earth Day by Dr. Sam Gregg, “God, Man, and the Environment.” ...
The myth of the divine state
If you follow the current controversy surrounding the role of religion in American society, you might conclude that the country faces but two options: throwback theocracy or take-no-prisoners secularism. The following lines sum up an admirably clear and concise understanding of faith and politics: The state is not the whole of human existence and does not embrace the whole of human hope. Men and women and their hopes extend beyond the thing that is the state and beyond the sphere...
Economics of martyrdom
Although purporting to be a post about the “economics of religion,” EconLog’s Bryan Caplan discusses what is really the “economics of martyrdom,” or, to be even more accurate, the “economics of a particular type of ‘martyrdom,’ suicide terrorism.” ments are in reaction to a paper by Lawrence Iannaccone, “The Market for Martyrs.” The pressing question, according to Caplan, is e American opponents of abortion engage in almost no terrorism, much less suicidal terrorism?” And his answer is, “Despite their fiery...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved