Capitalism is the economic system in which industry, production, distribution, and exchange are controlled by individuals who possess property, and who devote some or all of it to enterprises of commercial value, subject to certain restrictive state legislation. It is not a religion; nor a political form of government, since it can function whether under a monarchy or under a republic. We can call it, however, in economic form of government, and it results in a certain state of society.
Radio Replies Volume 1 by Rev. Dr. Leslie Rumble MSC and Rev. Charles Mortimer Carty
Keep the conversation thoughtful.
Historical language and viewpoints in the original collection are preserved. For current official teaching, consult the Catechism and the Holy See.
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