These millions can hardly be blamed for hating Catholics ... because the "Church is the defender of Capitalism." If the Church taught or believed any one of these things it should be hated, but the fact is that the Church does not believe nor teach any one of them.
I assume it is a historical quirk, a product of the time this was written, but it's interesting that one would have to rush to ensure parishioners that the church in no way defends capitalism. I assume this was not just a Catholic phenomenon.
I didn't read that much into the statement; I read that the the Church is claimed by some to be "the defender of Capitalism".
I can assure you that the Church does not condemn Capitalism in itself, only any abuses of it.