Home
/
RELIGION & LIBERTY ONLINE
/
Why Cultural Capital Is Necessary for Economic Flourishing
Why Cultural Capital Is Necessary for Economic Flourishing
Jun 30, 2026 8:21 AM

Western activistsand foreign aid experts often pretend as though material redistribution is enough to elevate the world’s poor. All we must do is give people the “tools” to do their work, they’ll say, and developing nations will take it from there.

What these “tools” consist of is a bit more blurry. The more serious development experts and economists recognize the need for immediate relief, but point to deeper factors and obstacles that prevent or accelerate the path to long-term prosperity and flourishing — “intangible assets and hidden liabilities,”asArnold Kling and Nick Schulz have put it.

One such overlookedassetis cultural capital and theripple effect it yields on a society’s underlying attitudes and overarching philosophy of life. In an excerpt from the PovertyCure series, Michael Miller and Michael Fairbanks explain why it matters.

As Fairbanks explains:

The most important type of capital is cultural capital, and by cultural capital I don’t mean just food and music and fashion and language. These are very valuable things, but I mean, how does a group of people attach meaning in their lives? Are they tolerant of people unlike themselves? Are they optimistic about the future? Do they believe petition?

It’s trustful relationships…loving new ideas, loving the idea of serving the client very, very well. This cultural capital tells you if the country has the conditions to be prosperous in the future.

For those living in countries with higher levels of such capital, it can be easy to take it for granted, assuming society rolls along simply on the momentum of self-seeking investment and blind consumerism.

If society grasps the proper meaning of work — “as service to others and thus to God”— cultural and economic transformation is a natural byproduct.

Having a healthy understanding of God’s design for work is important for our individual lives, but here we see its importance for flourishing across society. Here we see it’s importance for an enduring economic order that is both just and prosperous.

“If a market is going to be sustainable in the long run, we need something very different from unconnected self-seeking individuals,” Miller concludes. “We need people who think of others, and who are rooted in their families munities. We need a moral culture and a measure of trust that extends beyond family and clan.”

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
Our Sad Sex Economy
As much as progressives balk at the “imposition” of religious morality and the church in public and social spaces, secular humanism’s moral relativism is not working in America and continues to leave children vulnerable to profound evil. For example, the Urban Institute recently released a report on the economy of America’s sex industry — and the numbers are astounding. The Urban Institute’s study investigated the scale of the mercial sex economy (UCSE) in eight major US cities — Atlanta, Dallas,...
Diversity, Inclusion And Conversation: But Only If You’re Just Like Us
The definition of “diversity” is “the condition of having or posed of differing elements : variety; especially : the inclusion of different types of people (as people of different races or cultures) in a group or organization.” It appears, however, that diversity for some folks mean “only if you agree with or are just like us.” In Olympia, Wash., South Puget Sound Community College’s Diversity and Equity Center planned a “Happy Hour” for staff and employees in order to discuss...
Charles Koch on Cronyism
You are unlikely to find a pair of siblings who are both as admired and reviled as the Koch brothers. Charles and David Koch are billionaire philanthropists, heads of the nation’s second largest pany, and activists who promote libertarian causes. To many on the right, the brothers are virtuous champions of liberty. To many on the left, the duo is the greatest threat to humanity since global warning (which some on the left would directly attribute to the Kochs). Both...
Is Being Bossy Bad?
The newest celeb campaign ing out against bullying, getting kids to eat their veggies and to go outside and play) is to stop women from being bossy. Actually, what they seem to want to do is ban the illusion of bossiness; that is, men are leaders and women are bossy. Well, that’s silly. And bossy. (yes, it’s a real website) says: When a little boy asserts himself, he’s called a “leader.” Yet when a little girl does the same, she...
Jesus Christ, a Small Businessman at Work
Mark Tooley of IRD highlights a talk by Michael Novak, “Jesus Was a Small Businessman.” Speaking to students at the Catholic University of America, Novak observed: When he was the age of most of you in this room, then, Jesus was helping run a small business. There on a hillside in Nazareth, he found the freedom to be creative, to measure exactly, and to make beautiful wood-pieces. Here he was able to serve others, even to please them by the...
Audio: Elise Hilton on Human Trafficking
Acton Communications Specialist Elise Hilton joined host Shelly Irwin today on the WGVU Morning Showin Grand Rapids, Michigan to discuss Acton’s ing moderated panel discussion on the issue of human trafficking, Hidden No More: Exposing Human Trafficking in West Michigan. Take a listen to the interview via the audio player below, make sure to listen to the podcast on the topic here, and if you’re able, register for the event that takes place on March 28th right here at the...
Michael Miller: Pope Francis, Social Justice And Religion
Trending at today’s Aleteia, Michael Matheson Miller discusses Pope Francis and his call to social justice. Miller asks the question, “Do orthodoxy and social justice have to be mutually exclusive?” Miller says there is a “pervasive, false dichotomy between theological doctrine and social justice that has dominated much of Catholic thought and preaching since the 1960s.” Intrigued by the precedent that Pope Francis is setting in this area, Miller says, From his first moments as pope, Francis has urged Christians...
Scarlett Johansson, Oxfam, and ICCR Shareholders
Enough time has passed for this Denver Broncos fan to address a kerfuffle surrounding this year’s Super Bowl. I’m writing, of course, about Hollywood siren and liberal activist Scarlett Johansson, who appeared in a Super Bowl mercial to the chagrin of international charity Oxfam for which the otherworldly beauty served nine years as official spokesperson. Oxfam, listed in the Interfaith Center for Corporate Responsibility’s 2014 Proxy Resolutions and Voting Guide “Guide to Sponsors,” told Johansson she had to choose between...
Survey Results: What Do You Look for in a Pastor?
One month ago, I posted a link to a survey asking ten questions about what people look for in a pastor, promising to post the results one month later. The idea was to try to shed some light on the disconnect between supply and demand when es to ministers looking for a call and churches looking for a minister. The first thing that should be said is that, while I am grateful to all who participated, the sample size is...
The Hayekian Liberty of Ender’s Game
My conversion into a fan of science-fiction began with an unusual order from a member of the Joint Chiefs of Staff: “Each Marine shall read a minimum of three books from the [Commandant’s Professional Reading List] each year.” Included on the list of books suitable for shaping the minds of young Lance Corporals like me were two sci-fi novels: Robert Heinlein’s Starship Troopers and Orson Scott Card’s Ender’s Game. I soon discovered what lay hidden in these literary gems. Along...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved