Pope John XXIII
Mater et Magistra §19
Mater et Magistra: On Christianity and Social Progress
19 Secondly, private ownership of property, including that of productive goods, is a natural right which the State cannot suppress. But it naturally entails a social obligation as well. It is a right which must be exercised not only for one's own personal benefit but also for the benefit of others.
Source: Mater et Magistra (Vatican.va)