It is understandable that a variety of programs and movements came up. Some battled the industrial society and wanted a return to the pre-industrial economy. Still others were looking for a combination of the new industrial society with a corporate system of the Middle Ages. Many were in favor of socialist ideas. It can be summarized briefly in the following points.
Private property is essential for personal freedom and for an efficient economy.
Labor has a direct relation not only to the production of goods but also to the self-fulfillment of the person. Therefore, there exists a right to work and also a right of participation of labor in the economic process. In any society of free people, the market and competition constitute an essential element in the economic process. Entrepreneurship is not only an economic necessity but also a moral value in the dynamic process of modern economy. Markets and competition are important, but they do not automatically guarantee the common good.