Confessions of a Catholic Convert to Capitalism

The bottom line, in my view, is that Catholics have no cause to reject free enterprise. We must acknowledge the limitations of any economic system, and avoid fashioning false idols out of our wealth or the markets that make it possible. But those tempted to consider different economic systems must remember that only free enterprise (accompanied by necessary regulation and proper social safety nets) has helped fulfill the noble antipoverty goals of our faith for billions of people all around the world. Meanwhile, capitalism's collectivist competitors, such as state socialism or communism, have left a long trail of misery, tyranny and atheism.