Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
Mar 14, 2026 1:57 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
Rethinking Wallis and the Tea Parties
I’ve recently stumbled across the fantastic blog of Craig Carter, a professor at Tyndale University & Seminary in Toronto, and author of Rethinking Christ and Culture: A Post-Christendom Perspective. Take a moment to add it to your RSS reader of choice, and then go ahead and read his thorough critique of Jim Wallis’ hatchet job on the Tea Party movement. ...
Acton Lecture Series: Alinsky for Dummies
Joseph Morris at Acton Lecture Series We’re posting the audio from Mr. Joseph Morris’ excellent May 6 Acton Lecture Series presentation, Alinsky for Dummies: His Persistent Influence and Its Meaning for American Society and Politics. As Lord Acton warned that power corrupts, Saul Alinsky — the father of modern munity organizing” — rejoiced that corruption empowers. Saul Alinsky As Morris pointed out, decades after Alinsky’s death his ideas and teaching continue to shape the American political and social landscape. Barack...
Acton Commentary: Reappraising the Right
In this week’s Acton Commentary, I reviewed a new book by George H. Nash on the history of the American conservative movement: Reappraising the Right By Bruce Edward Walker In his 1950 work, “The Liberal Imagination,” Lionel Trilling famously stated that American liberalism was the one true political philosophy, claiming it as the nation’s “sole intellectual tradition.” Unknown to him, two young men — one toiling as a professor at Michigan State Agricultural College (now Michigan State University) and the...
Memorial Day: On hallowed ground
When I lived in Hawaii my family visited Punchbowl National Cemetery to see where my grandfather’s high school buddy was buried. He was killed in the Pacific Theatre in World War II. As a child I had two thoughts that day. It was taking a long time to find his grave simply because it was a sea of stones and I remember thinking at the time, I wonder if his family wanted him buried here, so far from home. Did...
Acton on Tap: Tolkien and the Free Society
A reminder that tonight’s Acton on Tap promises to be another good one. Jonathan Witt, writer and Research Fellow at the Acton Institute, will lead a discussion about J.R.R. Tolkien’s views on freedom, capitalism, socialism, and distributism, and he will look at some of the ways those views have been misrepresented. The event takes place from 6-8 p.m. at the Derby Station in East Grand Rapids, Mich. (Map it here.) No advance registration is required. The only cost is your...
Acton Lecture Series: Does Capitalism Destroy Culture?
Michael Miller at Acton Lecture Series In this new Acton Lecture Series audio, Acton’s Michael Miller discusses why many blame capitalism as the primary source of cultural disintegration. Miller, director of programs and Acton Media, asks: Does capitalism destroy culture or are other forces at work? Listen to the lecture online here: [audio: From Miller’s Jan. 21 Acton Commentary, “The End of Capitalism?” At least on equal par with a juridical framework as a factor in sustaining market systems is...
Acton Lecture Series: Does Social Justice Require Socialism?
Rev. Robert A. Sirico at Acton Lecture Series We’ve had a lot of requests recently for the audio of Rev. Sirico’s lecture on social justice. We’re posting a recording of his April 15 Acton Lecture Series presentation, “Does Social Justice Require Socialism?” In this talk, he addresses the increasing calls for government intervention in financial market regulation, health care, education reform, and economic stimulus in the name of “social justice.” Watch for more ALS audio on the blog in the...
Self-Sufficiency in Sand Lake
This is a really intriguing story about a munity beset by an unfriendly local tax environment, “Sand Lake civil war: Move to dissolve es down to taxes.” The village government of Sand Lake, Michigan, is threatened with dissolution. As you might expect, those facing the chopping block are crying foul. How’s this for overblown rhetoric? “This is domestic terrorism. It’s an attack on small town USA. I have a personal anger against these people. Their purpose is not the good...
Acton Lecture Series: Virtue and Liberty in the American Founding
More audio from this year’s Acton Lecture Series. In “Virtue and Liberty in the American Founding,” Dr. John Pinheiro examines the American Founders’ understanding of liberty as rooted in a classical and Christian understanding of virtue. His talk touched on the reasons why George Washington argued that public happiness could be attained without private morality and why John Adams wrote that, “[I]t is religion and morality alone which can establish the principles upon which freedom can securely stand. The only...
Ecology and Economy
I just finished writing a review of Robert H. Nelson’s book, The New Holy Wars: Economic Religion vs. Environmental Religion in Contemporary America (Penn State University Press, 2010) that will appear later this year in Calvin Theological Journal. It is a good book. It is a timely book. There are flaws, but overall there is much to learn from Nelson’s analysis. I found a good summary passage that appears as a footnote on p. 171: The terms ecology and economics...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved