The presence of one group at the Occupy Wall Street (OWS) protests might be surprising: the Distributist Review has produced this flyer for distribution at the protests.  They don’t seem to have asked themselves whether G.K. Chesterton and Hillaire Belloc would have gone down to protest with the unwashed masses (the answer, of course, is never in a million years) but contemporary “neodistributists” are a more inclusive set. They go far beyond the metaphysical and aesthetic principles of Chesterton and Belloc’s economics. Since that flyer’s a little hard to read, we’ve put together a list to help you identify your inner distributist: herewith, Ten Signs You May Be a Distributist:

Read more on 10 Signs You May Be a Distributist…

A new article from Acton Research Director Samuel Gregg published today in Acton News & Commentary. Sign up for the free, weekly email newsletter here.

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A Tale of Two Europes

By Samuel Gregg

The word “crisis” is usually employed to indicate that a person or even an entire culture has reached a turning-point which demands decisions: choices that either propel those in crisis towards renewed growth or condemn them to remorseless decline.

These dynamics of crisis are especially pertinent for much of contemporary Europe. The continent’s well-documented economic problems are now forcing governments to decide between confronting deep-seated problems in their economic culture, or propping up the entitlement economies that have become unaffordable (and morally-questionable) relics in today’s global economy.

While some European governments have begun implementing long-overdue changes in the form of austerity-measures, welfare-reforms, and labor-market liberalization, the resistance is loud and fierce, as anyone who has visited France lately will attest.

No-one should be surprised by this. Such reforms clash directly with widespread expectations about employment, welfare, and the state’s economic role that have become profoundly imbedded in many European societies over the past 100 years. Yet it’s also arguable this is simply the latest bout of an on-going clash of economic ideas which goes back much further in European history than most people realize.

Certainly the contemporary controversy partly concerns the government’s role during recessions. From this standpoint, Europe (and America) is rehashing the famous dispute between the economists Friedrich von Hayek and John Maynard Keynes in the 1930s about how to respond to the Great Depression. Should we, as Hayek maintained, react by giving markets the flexibility they need to self-correct? Or do we prime the pump à la Keynes? Read more on A Tale of Two Europes…