There are two types of economic liberty.  The one that people trumpet Is the classic perfectly competitive market for wages and prices where the market price is a true indicator of supply and demand.  The second type glorifies the ability to exercise corporate (and) management power over both product markets and labor markets.  That is liberty for the few and it is what Cato, Acton and company are really defending because, after all, the wealthy and their CEOs deserve what they are getting. This secular form of the prosperity gospel (which is the heart of conservatism) is what the Church condemns.  The question that we argue about is how to remedy this concentration of power without making things worse.  Traditionally, the Church has supported regulatory action, as well as a third way cooperative economy.  There are companies that nibble around the edges of this, but none have gotten to what is possible (where workers control both the means of production and the means of consumption).