You have a lot of IFs here: IF people were perfect, we wouldn’t need any structure. Unfortunately, we’re imperfect. Look at what works: Communist countries such as China are giving in to capitalism because capitalism works and communism doesn’t.
May I suggest you do a little study of the history of capitalism? I had the same doubts you’re having before I did my own study into the subject. Just key “Catholic Church; capitalism” into Google and you’ll get more than you’ll be able to read.
The book “How the Catholic Church Built Western Civilization” by West has a great treatment of the subject.
There’s a great article by Michael Novak at the following website:
michaelnovak.net/Module/Article/ArticleView.aspx?id=149
Here’s a little from Novak’s article:
Capitalism, it’s usually assumed, flowered around the same time as the Enlightenment – the 18th century – and, like the Enlightenment, entailed a diminution of organized religion. In fact, the Catholic Church of the Middle Ages was the main locus for the first flowerings of capitalism. Max Weber (1864-1920) located the origin of capitalism in modern Protestant cities, but today’s historians find capitalism much earlier than that in rural areas, where monasteries, especially those of the Cistercians, began to rationalize economic life.
The economic historian David Landes, who describes himself as an unbeliever, points out that the main factors in this great economic achievement of Western civilization are mainly religious:
– the joy in discovery that arises from each individual being an imago Dei (image of God) called to be a creator;
– the religious value attached to hard and good manual work;
– the theological separation of the Creator from the creature, such that nature is subordinated to man, not surrounded with taboos;
– the Jewish and Christian sense of linear, not cyclical time, and therefore of progress; and
– respect for the market.
Blessings,
Ruth