Distributism, also known as distributionism
and distributivism, is a third-way economic philosophy formulated by such as Catholic thinkers G. K. Chesterton and
Hilaire Bellocto apply the principles of Catholic Social Teaching articulated by the Roman Catholic Church, especially
inPope Leo XIII's encyclical Rerum Novarum and more expansively explained by Pope Pius XI's encyclical Quadragesimo Anno 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 (state socialism) or a few large businesses
or wealthy private individuals (plutarchic capitalism). A summary of distributism is found in Chesterton's statement: "Too
much capitalism does not mean too many capitalists, but too few capitalists."
Essentially, distributism distinguishes itself by its
distribution of property (not to be confused with redistribution of capital that would be carried out by most socialist plans
of governance). While socialism allows no individuals to own productive property (it all being under state, community, or
workers' control), and capitalism allows only a few to own it, distributism itself seeks to ensure that most people will become
owners of productive property. As Hilaire Belloc stated, the distributive state (that is, the state which has implemented
distributism) contains "an agglomeration of families of varying wealth, but by far the greater number of owners of the means
of production." This broader distribution does not extend to all property, but only to productive property; that is, that
property which produces wealth, namely, the things needed for man to survive. It includes land, tools, etc.
Distributism has often been described as a third
way of economic order opposing both socialism and capitalism. Some have seen it more as an aspiration, which has been
successfully realised in the short term by commitment to the principles of subsidiarity and solidarity (these being built
into financially independent local co-operatives and family owned, small businesses), though proponents also cite such periods
as the Middle Ages as examples of the historical long-term viability of distributism.
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