It was the Faith which gradually and indirectly transformed the slave into the serf, and the serf into the free peasant... You will not be able to set up in a pagan or an heretical or a wholly indifferent society the institutions characteristic of economic freedom; you will not be able to curb competition which alone would be sufficient to destroy such freedom, nor pursue permanently and consecutively any one part of the program. The thing must be done as a whole, and it can be done as a whole only by the ambient influence of Catholicism.
When the mass of men are dispossessed - own nothing - they become wholly dependent upon the owners; and when those owners are in active competition to lower the cost of production the mass of men whom they exploit not only lack the power to order their own lives, but suffer from want and insecurity as well.
Coupled with Usury, Unrestricted Competition destroys the small man for the profit of the great and in so doing produces that mass of economically unfree citizens whose very political freedom comes in question because it has no foundation in any economic freedom, that is, any useful proportion of property to support it. Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.
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