Center for Economic and Social Justice powers and profits of land and productive assets became concentrated within a tiny elite of private owners. To remedy the abuses of concentrated capital ownership, Marx and Engels in "The Communist Manifesto" (1848) declared, “[T]he theory of the Communists may be summed up in the single sentence: the abolition of private property.” In contrast, Kelso turned the socialist's central assumption around by asserting that private property, far from being the problem, is essential for creating a truly just free market global economy. An economically just economy is one in which every citizen can be a capital owner without taking property
Center for Economic and Social Justice and series of approaches by which people can understand and practice the moral values, central principles and logic behind a free enterprise theory of economic and social justice.” Its approach is based on a synthesis of the social doctrine of Pope Pius XI as analyzed by CESJ co-founder the late Reverend William J. Ferree, S.M., Ph.D., detailed in The Act of Social Justice (1943) and Introduction to Social Justice (1948), and the economic justice principles developed by lawyer-economist Louis O. Kelso and Aristotelian philosopher Mortimer J. Adler in their two books, "The Capitalist Manifesto" (1958) and "The New Capitalists" (1961).