The Neoconservative Critiques of and Reconciliation with Capitalism

The neoconservatives have fallen out of favor among Washington policy-makers under President Obama as well as among conservatives themselves. However, neoconservatives’ impact on contemporary political discourse remains significant. This article is about the evolution of neoconservatives’ thinking about capitalism. Specifically, it is about neoconservatives’ ideological journey from right-wing critics of capitalism to one of its most ardent defenders. At the heart of their writing about capitalism are two distinct, but related cultural critiques of capitalism. In their view, capitalism creates a culture that is decadent, effeminate, and preoccupied with immediate gratification. This culture threatens the Protestant ethic and the heroic virtues of patriotic self-sacrifice. The Protestant ethic legitimizes capitalist accumulation and inequality, while the heroic virtues made the US a global superpower. Through supply-side economics and American empire the neoconservatives sought to recover both, the cultural foundations of capitalism located in the Protestant ethic and the heroic virtues of a global superpower. Neoconservative writings on capitalism are key to understanding the shift in the discourse on the economy, the welfare state, and foreign policy over the last thirty years.