Pius XI is extremely keen on respecting the right of property. He recognizes that a lot of social obligations can be put to the charge of the owner. He however denies that the property can be lost or emptied of all its right, made null, through misuse. The misuse can be corrected, even punished by the social authorities, the basic property right itself should in any case remain intact. This view has of course its consequences concerning the acceptance of the idea of the entreprise as a society of persons, or of the enterprise established through a societal contract.
Propriety comes first.
The pope does not want to make of all this a strict obligation, but he favors any free, voluntary, initiative in those directions. What Pius XI thus has in mind, what he basically thinks is that the worker is really not a stranger to the enterprise, or that there is really an enterprise, made up of persons, not just a society of capital shares. In a sense, this expression meant a project of a corporate nature. But it mainly stressed the corporate purposes of entire professions, and of the whole national economy. The pope did not use the word enterprise itself.