Socialism is one of the great enemies of the Church, so eloquently written about by Pope Leo XIII in 1878 in his encyclical Quod Apostolici Muneris (also part of the social magisterium the Lampstand Foundation relies on) and the magisterial work by an economist is Socialism: An Economic and Sociological Analysis by Ludwig von Mises.

An excerpt.

“The concept between capitalism and socialism is not a contest between two groups of claimants concerning the size of the portions to be allotted to each of them out of a definite supply of goods. It is a dispute concerning what system of social organization best serves human welfare. Those fighting socialism do not reject socialism because they envy the workers the benefits they (the workers) could allegedly derive from the socialist mode of production. They fight socialism precisely because they are convinced that it would harm the masses in reducing them to the status of poor serfs entirely at the mercy of irresponsible dictators.” (p. 496)