Distributism

Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated.[1] Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching principles, especially Pope Leo XIII's teachings in his encyclical Rerum novarum (1891) and Pope Pius XI in Quadragesimo anno (1931).[2][3][4] It has influenced Anglo Christian Democratic movements,[5][6] and has been recognized as one of many influences on the social market economy.[7][8]

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Documents Rerum novarum Populorum progressio Graves de communi re Quadragesimo anno Laborem exercens Sollicitudo rei socialis Centesimus annus Laudato si'
People Adenauer Andreotti Arizmendiarrieta De Gasperi Dooyeweerd Frei Gilson Groen John Paul II Joseph Ketteler Kohl Kuyper Leo XIII Maritain Martens Moro Mounier Pius XI Schuman Sturzo
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Social teachings of the papacy Distributism Solidarity Subsidiarity Tranquillitas ordinis
Pope Leo XIII Rerum novarum
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Pope Pius XII Social teachings
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Second Vatican Council Dignitatis humanae Gaudium et spes
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Pope John Paul II Laborem exercens Sollicitudo rei socialis Centesimus annus Evangelium vitae
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Pope Francis Evangelii gaudium Laudato si' Fratelli tutti
Other figures Gaspard Mermillod René de La Tour du Pin Heinrich Pesch Dorothy Day Óscar Romero Joseph Bernardin Hilaire Belloc G. K. Chesterton
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Distributism views laissez-faire capitalism and state socialism as equally flawed and exploitative. Instead, it favours small independent craftsmen and producers; or, if that is not possible, economic mechanisms such as cooperatives and member-owned mutual organisations as well as small to medium enterprises and large-scale competition law reform such as antitrust regulations. Christian democratic political parties such as the American Solidarity Party have advocated distributism alongside social market economy in their economic policies and party platform.[5]