Distributism, a better system than Capitalism and Socialism

 

Distributism

From Wikipedia, the free encyclopedia

Distributism, also known as distributionism and distributivism, is a third-way economic philosophy formulated by such Roman Catholicthinkers as G. K. Chesterton and Hilaire Belloc to apply the principles of Catholic Social Teaching articulated by the Roman Catholic Church, especially in Pope Leo XIII’s encyclical Rerum Novarum[1] and more expansively explained by Pope Pius XI’s encyclical Quadragesimo Anno[2] According to distributism, the ownership of the means of production should be spread as widely as possible among the general populace, rather than being centralized under the control of the state (socialism) or wealthy private individuals (capitalism). A summary of distributism is found in Chesterton’s statement: “Too much capitalism does not mean too many capitalists, but too few capitalists.”[3]

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