Home
/
RELIGION & LIBERTY ONLINE
/
Why capitalism is worth conserving
Why capitalism is worth conserving
May 10, 2025 8:19 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
Petrol-socialism
Predictions, anyone? Chavez continues to flex his socialist muscles as he has now given ExxonMobil an ultimatum: either give him the controlling interest in pany, or lose their Venezuelan operation altogether. This story is notable because ExxonMobil is the pany who has thus far refused Chavez’s “offer they can’t refuse.” Now, I don’t think anyone had any misconceptions that Chavez would be a ‘nice socialist’, but what was that proverb about being doomed to repeat history? What worries me about...
Amy Welborn’s blog on capitalism and Catholicism
The Acton debate on the relationship has featured blog posts on Rodney Stark and David Brooks’s column on Starks. Amy Welborn’s site has more in these two posts (here and here), with a somewhat lively debate in ments sections. Several of ments regard Max Weber’s thesis on the Protestant work ethic and capitalism, and reveal a misunderstanding of what makes for economic growth in Ireland and the lack of it in Latin America. It’s pretty obvious there are few Actonites...
Toward freedom in the Arab world
In a new Acton Commentary, Anthony Bradley examines a new report from the Fraser Institute that measures economic freedom in Arab countries, an important indicator for cultures that are in many places still struggling to lift their people out of poverty. In discussing the report, Bradley says, “As history demonstrates, individuals or families having freedom to determine their own economic destiny liberates them from government dependence and long-term dependence on charity.” Read the mentary here. ...
Would C.S. Lewis have risked a Disney ‘nightmare’?
A newly published letter by Narnia creator C.S. Lewis shows his distaste for Disney “vulgarity” and his fear of seeing fictional animal characters transformed into cartoonish buffoons. Jordan Ballor, in a new mentary, explores how Lewis might have felt about the new Disney film of The Lion, the Witch, and the Wardrobe. Ballor looks at Lewis’ dislike of animatronic, or costumed people acting the parts of animals, as well as his feelings towards Walt Disney’s “vulgarity.” Dispensing with Lewis’ objections...
Public v. private services
Fast Company Now is reporting that “for the first time, customer satisfaction with federal agency Websites has surpassed offline government services,” according to an American Customer Satisfaction Index report. What is especially noteworthy, however, is that online private sector services consistently rank higher in satisfaction than their governmental counterparts. “Where the gap between offline public and private services has narrowed, the report said, e-government is trailing far behind the private sector online. That, said ACSI chief Claes Fornell, shows room...
Global warming in Narnia
Dr. Philip Stott at EnviroSpin Watch shares with us an article featuring an interview with Maugrim, head of Queen Jadis’ secret police from The Lion, the Witch, and the Wardrobe, on the growing threat of global warming to the peaceful nation of Narnia. The so-called “greenhouse gas” in question is Pantheron Dileoxide (PL2), monly known as “Lion’s Breath.” “PL2 is a dangerous, roaring greenhouse gas”, the Chief Wolf, Maugrim, growled. “It melts everything, even frozen fauns and fountains. Climate change...
Education optimism
Eugene Hickok and Gary Andres give us an optimistic piece on education reform on NRO today. They see even public educational professionals opening up to the positive potential of reforms that shift the educational enterprise into non-governmental hands. No doubt the continued advance of public education threats such as homeschooling and vouchers have prodded some educators into reform-mindedness. Progress on this issue is painstakingly slow and therefore hard to gauge, but one hopes Hickok and Andres have correctly identified the...
Santa’s little helper
In a not-so-subtle take-off of Donald Trump’s The Apprentice franchise, ExperiencePoint e up with a fun interactive game to challenge your event-planning and management skills. The background: Inspired by his favorite reality programs, Santa Claus invited eight elves to the North Pole for the purpose of selecting one as his new protégé. Through a series of rigorous petitions, Santa has whittled down the group to the final two candidates – congratulations, you’re one of them! Now you must manage a...
Theroux on African development
Paul Theroux, a former Peace Corps volunteer, indicts what he calls the “more money” platform, headed by none other than U2 frontman Bono, in a NYT op-ed, “The Rock Star’s Burden.” “Those of us mitted ourselves to being Peace Corps teachers in rural Malawi more than 40 years ago are dismayed by what we see on our return visits and by all the news that has been reported recently from that unlucky, drought-stricken country. But we are more appalled by...
Capitalism and Christianity, part II
Jordan Ballor’s recent post on “Christian Reason and the Spirit of Capitalism” hit onto something big. In today’s New York Times, op-ed columnist David Brooks weighs in with a piece entitled “The Holy Capitalists”. (Once again, the Times has blocked access to non-subscribers. If you aren’t a subscriber, buy today’s Times just to read this column – it’s worth it.) Brooks calls the debate over the foundations of success the most important in the social sciences today and praises Rodney...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved