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'''Distributism''' is a philosophy, developed especially by two English Catholic writers, G.K. Chesterton and Hilaire Belloc, taking inspiration from the Social Magesterium of the Catholic Church (presented in Encyclicals such as Rerum Novarum and Quadragisimo Anno), it advocates a philosophy of widespread ''private property.'' It opposes both of the major economic philosophies of the Modern world both collectivist (communism, socialism) and individualist (lassiez faire capitalism). It advocates that property (both personal and productive) be concentrated neither in the hands of the state, nor in the hands a few wealthy capitalists and corporations, but be rather in the hands of individual men and families. One holding this position does not necessarily advocate a policy of confiscation to attain such a society. One part of achieving it may well be simply taking away the perks the government gives to big business. To a capitalist objection that such an ideal is contrary to free competition a Distributist might reply that competition within a regulated framework is good. But if unregulated a few individuals may gain control, and practically eliminate competition, and so in the end, competition must not be allowed completely free reign in order that healthy competition may be maintained.

'''Distributism''' is an economic philosophy, developed especially by two English Catholic writers, G.K. Chesterton and Hilaire Belloc. It takes inspiration partialy from the Social Magesterium of the Catholic Church, presented in Encyclicals such as Rerum Novarum and Quadragisimo Anno. It advocates a society of widely distributed private property. It opposes both of the major streams modern economic thought, both the collectivist (communism, socialism) and individualist (lassie faire capitalism). It advocates that property (in particular productive) be neither held soley by the state, nor concentrated in the hands a few wealthy capitalists and corporations, but be rather in the hands of individual men and women, and families.  

 

One holding such position does not necessarily advocate a policy of confiscation to attain such a society. Part of achieving it may well be simply taking away the perks the government gives to big business.  

 

To a capitalist objection that such an ideal is contrary to free competition a Distributist might reply that competition within a regulated framework is a good thing. But if competition is unregulated a few individuals may gain the upper hand, and gain such ecconomic power as to keep other players off the field, and so, in the end, competition must not be allowed completely free reign if only in order that healthy competition may be maintained.

[[Category:Philosophy]]

[[Category:Philosophy]]