Home
/
RELIGION & LIBERTY ONLINE
/
5 Reasons Millennials Should Support ‘Capitalism’
5 Reasons Millennials Should Support ‘Capitalism’
Oct 27, 2025 6:12 PM

A recent national survey by the Harvard Institute of Politics finds that a majority of Millennials (18- to 29-year olds) do not support capitalism as a political theory. One-third of them, however, do support socialism.

As a rule, I try not to put too much stock in such surveys because opinion polls make us dumb. But it’s e obvious that a significant portion of younger American are truly so under-educated that they truly believe socialism is preferable to capitalism.

Perhaps the problem is merely one of language. The reality is that the most ardent “capitalists” don’t like “capitalism” either.

Capitalism is merely an economic system in which the modes and means of production are mostly or entirely privately owned. That’s a rather broad categorization that includes such systems as corporatism, crony capitalism, social democracy, state capitalism, and welfare capitalism. Even those of us who can be described as “capitalists” would reject most of the other forms of capitalism we don’t like. (Which is why we tend to dislike the unhelpful word “capitalism.”)

What many of us (I’m tempted to say true capitalists) prefer is not an amorphous capitalism, but an economic system that is outgrowth of the natural order of liberty: a free economy. There’s no agreed upon term for the system of a free economy (which is why capitalism is often used as a substitute) but it includes free people engaging in free enterprise in free markets. A free economy is not alaissez-faire, each-to-his-own system of consumerism. It’s a system in which people are allowed to use their resources and abilities most effectively to serve others.

My naïve hope is that if more Millennials understood that capitalism is mostly used as a derogatory term free enterprise and economic liberty, they’d realize that they really do support it after all. But in case they aren’t convinced here are five reasons why you, young Millennialreader, should support capitalism:

1. Capitalism makes the world cleaner, less violent, and less poor (yes, really)—Because of capitalism there are fewer wars, fewer deaths from pollution, and fewer people living in extreme poverty than ever before. While global peace, health, and prosperity may seem like trivial pared to your student loans, they are a reason most of us are grateful for the benefits of capitalism.

2. Capitalism is the reason you’re (probably) not a farmer –Do you currently have Tama soil under your fingernails? Do you not even know what Tama soil is? You probably don’t, which means you aren’t a farmer. Statistically, that is a safe assumption since there are only about 10,000 Millennials who are principal operators on a farm in the U.S.

Today, Millenials are farmers because they want to be. But that wasn’t always the case. In Colonial America approximately 90 percent of the population earned at least part of their living as farmers. Even in 1900, 41 percent of the U.S. workforce was employed in agriculture. People didn’t have a choice — farming was a required vocation.

So what changed? Mostly technological progress brought about by free enterprise. The gains from specialization and trade (key aspects of free enterprise) made it possible for you to be a Wendell Berry-reading “agrarian” at grad school rather than standing in an Iowa cornfield pushing a plow through Tama.

And that’s one of the truly remarkable effects of capitalism: it makes it possible for more and more people to pursue their interests, passions, and talents and use them in diverse ways to serve their fellow humans.

3.Capitalism is the main reason you weren’t drafted into the army —Thanks to the Obama administration, women will soon be joining men in being eligible for the “draft” — monly used term for mandatory military conscription.

But don’t worry, there’s not need for you to run off to Canada. No one in your generation has actually been subjected to the draft, and you likely never will. For our current all-volunteer military you canthank free market economists like Milton Friedman.

At the height of the Vietnam War, mander Gen. William Westmoreland testified before the President’s Commission on an All-Volunteer Force, mission that was exploring the feasibility of ending the military draft. AsNewsdayreported,

Staunchly opposed to an all-volunteer military, which must pay its soldiers market wages, Gen. Westmoreland proclaimed that he did not want mand “an army of mercenaries.” One of mission members immediately shot back with a question: “General, would you mand an army of slaves?

mission member was Milton Friedman. Friedman based his arguments primarily on the need for freedom in human flourishing. But he also noted itseffects on the lower classes:

A by-product of freedom to serve would be avoidance of the present arbitrary discrimination among different groups. A large faction of the poor are rejected on physical or mental grounds. The relatively well-to-do used to be in an especially good position to take advantage of the possibilities of deferment offered by continuing their schooling. Hence the draft bears disproportionately on the upper lower classes and the lower middle classes. The fraction of high-school graduates who serve is vastly higher than of either those who have gone to college or those who dropped out before finishing high school.

If you served in the military because you wanted to, not because you were forced by the government, then you have a reason to be grateful for capitalism. And if you didn’t serve you have an even greaterreason to be thankful for free enterprise.

4. Free enterprise is the most moral economic system — Free enterprise is the most moral, most fair, and most helpful system for alleviating poverty. Even a cursory study of history will show this is both obvious and true. The free enterprise system, though not without it’s significant flaws, is the most moral economic system yet devised. In the video below, Arthur Brooks explains three reasons why a free economyis the most moral:

1) Free enterprise safeguards lasting happiness.

2) It promotes real fairness.

3) It does the most good for the most vulnerable.

5. You already prefer capitalism anyway —Quick: Name your favorite provider of a good or service?

Chances are that you said Apple or Uber rather than the DMV or the Department of Commerce. While the government may provide some necessary services, it isn’t the best at providing customer service or fulfilling the various and unique wants and desires of Millennials. Imagine standing in line for hours, like they used to doin the anti-capitalist Soviet Union, to get stale bread and sandpaper-rough toilet paper. That’s what happens when you reject capitalism.

But let’s be honest. You don’t really reject capitalism. You just want more redistribution. You love capitalism when it is providing you with iPhones, Beyoncé videos, and fair trade coffee. What you don’t love is that you can’t have everything you want while you’re in college, working a free internship, or having to put in the work to move up the corporate foodchain. You want the benefits of capitalism; you just want someone else to pay for it.

That’s natural. It’s wrong and evil, but it is definitely natural. It’s a naturally occurring phenomenon of adolescent immaturity to want other people to take care of you and provide for your material wants and needs. You want more than you can have so you want other people to pay for it. That’s a form of immaturity that some people (e.g., politicians) never outgrow.

But you likely will grow up. You’ll realize that there aren’t enough “rich” people from which to redistribute e. You’ll realize that making the world a better place economically mostly entails you being productive at work, contributing to the flourishing of your fellow man by your labor. You’llrealizethat, no matter where you fall on the economic spectrum, you are part of the most materially blessed generation in the history of the universe and that you are much, much, much better off because of free enterprise.

You’ll realize that, and you’ll grow up. Or you won’t. And then we’ll all be in trouble.

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
Religious Shareholders Want to Shut Down Political Debate
Harvard students a century or so ago joked that Professor Irving Babbitt’s distaste for Jean-Jacques Rousseau was so fervent that he checked under his bed each evening to make sure the 18th century French philosopher wasn’t hiding there. In this humorous vein, one could apply the same fear held by progressive activists for the dreaded brothers Koch – Charles and David. Not only do activists check under their respective beds, but as well their closets, attics, basements, cookie jars and...
Dagger John in the History of Liberty
Today at Ethika Politika, I take issue with Rod Dreher’s “Benedict Option,” a term inspired by the last paragraph of Alasdair MacIntyre’s book After Virtue. The basic idea is that, due to the Enlightenment, we have lost the social conditions — in particular a shared moral and religious narrative — that make virtuous living an intelligible and shared social standard. Thus, MacIntyre claimed, “What matters at this stage is the construction of local forms munity within which civility and the...
Explainer: What’s Going on in Ukraine?
What just happened in Ukraine? For the past three months, a protest movement has been expressing opposition to the government of Ukraine’s president, Viktor Yanukovych. Yesterday (Feb. 18), the protest reached a current peak when the country suffered its worst bloodshed since leaving the Soviet empire. More than 20 people were reported killed as riot police moved in to clear Kiev’s Independence Square, the crucible of the anti-government activism. What is the cause of the conflict? At its root, the...
George Gilder and the Information Theory of Capitalism
The “information theory of capitalism”, says Rev. Johannes L. Jacobse in this week’s Acton Commentary, upends conventional thinking about free markets and statist economic theories. Ever since the rise of information theory in the 1940s, it is ing increasingly clear that the universe is, in a sense, digital. Information, logic, data, whatever you want to call it, lies even deeper than the material operations that science has so ably discovered and quantified. This deeper informational dimension is dynamic and unpredictable....
Young Evangelicals: 5 Reasons Libertarianism And Christianity Are Compatible
While acknowledging that the Bible is not a book of political theory, a recent panel hosted by The Institute for Faith, Work and Economics asked whether or not Christianity and libertarianism patible. The panel, moderated by former Acton Institute intern Elise Amyx, was made up of young evangelicals eager to tackle the question. They came up with 5 reasons that Christianity and libertarianism were patible. 1. Christianity Celebrates Voluntary Action, Value Creation Jacqueline Otto Isaacs, a blogger at Values &...
The Unbearable Cruelty of Banning Blankets for the Homeless
Does the city of Pensacola, Florida care more about fort of cats than the dignity and safety of human beings? That certainly seems to be the case. Last week, a local news warning suggested that residents bring pets inside to protect them from cold temperatures. But the city prohibited its homeless population from covering themselves to keep out the cold. The Pensacola ordinance said a person may not be “adjacent to or inside a tent or sleeping bag, or atop...
Prophets in the Workplace
In the latest issue of The Living Pulpit, Presbyterian pastor Neal Presa reviews Flourishing Churches and Communities, Charlie Self’s Pentecostal primer on faith, work, and economics. Presa heartily mends the book, emphasizing that Self provides a theological framework that not only challenges the church, but points it directly to the broader global economy: Flourishing Churches and Communities is a e addition to recent books in my own Reformed tradition on an integrated and holistic theology of work, from the likes...
5 Things You Should Know About Washington’s Birthday
Today in the United States is the federal holiday known as Washington’s Birthday (not “Presidents Day—see item #1). In honor of George Washington’s birthday, here are 5 things you should know about the day set aside for our America’s founding father. 1. Although some state and local governments and private businesses refer to today as President’s Day, the legal public holiday is designated as “Washington’s Birthday” in section 6103(a) of title 5 of the United States Code. The observance of...
Audio: Rev. Robert A. Sirico on the Problem of and Solutions to Poverty
Rev. Robert A. Sirico, president of the Acton Institute, joins Drew Mariani onRelevant Radio’s Drew Mariani Show to discuss the problem of Global Poverty and the seemingly counterintuitive solutions that have been lifting people out of poverty over the last few decades, as well as how more conventional “solutions” like government-to-government aid often have disastrous effects for those who are the intended recipients of the aid. You can listen to the interview via the audio player below. ...
George Washington: Champion of Religious Liberty
For George Washington’s birthday,Julia Shaw reminds usthat the indispensable man of the American Founding was also an important champion of religious liberty: All Presidents can learn from Washington’s leadership in foreign policy, in upholding the rule of law, and—especially now—in the importance of religion and religious liberty. While the Obama Administration claims to be modating” Americans’ religious freedom concerns regarding the Health and Human Services (HHS) Obamacare mandate, it is actually trampling religious freedom. President Washington set a tremendous example...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved