As David Deavel points out, free market economists and distributists “are often at each others’ throats.” Deavel is attempting to scrutinize distributism – what it is and what it isn’t – in a series at Intercollegiate Review. He claims that while distributism has its flaws, it has some valid points and there is much good to be found in the arguments of distributists.
So what it distributism?
Distributists like to describe themselves as an alternative or third way that avoids what they describe as the pitfalls of both capitalism and socialism. They also claim that their system (alone, they sometimes say), is faithful to papal social teaching and the Catholic social tradition more broadly. Their goal, they claim, is a society of widely distributed property and widely distributed wealth and power. This differs, they say, from both socialism, in which the state owns the means of production, the vast bulk of wealth, and all power, and from capitalism, which is, they say, a system in which a very few private people own the means of production, wealth, and have the lion’s share of power.