Distributism may be a foreign term to many, but it is a movement of some importance in the history of Catholic social and economic thought. Popularized especially in early twentieth-century England by the prolific writers G.K. Chesterton and Hilaire Belloc, distributism has enjoyed mini-resurgences from time to time on both sides of the Atlantic. That it still packs some punch here in the U.S. is demonstrated, for example, by the recent creation of IHS Press. (IHS is not exclusively a distributist outlet, but distributist literature represents a significant portion of their publishing program.)
In a nutshell, distributism envisions an economic order modeled on the guild-dominated economies of medieval Europe. Advocates take Catholic social teaching seriously; indeed, they frequently insist that CST virtually obligates Catholics to support a distributist program. There is much of value in the distributist vision, including criticism of consumerist culture and an emphasis on wide ownership of property and communal cooperation. (See Wikipedia for a fuller, sympathetic treatment of the subject.) In practice, however, many observers believe that implementation of a distributist agenda would mean major regulation of and restrictions to entry to industries and professions, controls on prices and wages, and heavy-handed government involvement in the economy.
There have been few critiques of distributism published in recent years, but the renewed interest it is receiving demands that some attention be paid. Thus, the latest Christian Social Thought Series, from bestselling and award-winning author Thomas E. Woods, Jr.: Beyond Distributism. Order it now at the Acton Book Shoppe.