To the contrary, Protestantism took the industrial revolution in its beginning from Catholic Belgium and Germany. They did not invent it or perfect it. What was done in England in textiles was a conscious copying of Catholic Belgium, in mining, a copying of the German mines in Bohemia and Transylvania, in shipping and trade, a copying of the Hanseatic League
There certainly has always been just as much wealth and progress in Catholics areas such as Belgium, France, Northern Italy, Bohemia, Austria, Bavaraia, Rhineland, Silesia, Argentina, Brazil, as in similar Protestant areas. Certain too, is that progress in England and the Netherlands, which lead only from the 18th century on, was far ahead of progress in the Protestant parts of Germany and Scandanavia. Protestantism provided no magic elixir of capitalism somehow denied to Catholicism.