Tuesday, October 28, 2008

Distributism - check it out

Distributism is a "third-way" economic philosophy I've discussed several times on this blog. I just came across an excellent article that describes, defines and discusses distributism in terms that are contemporary and easy to understand (albeit somewhat Catholic-centric).

I don't claim to know how to make distributism work, but I'm pretty sure it could work (and does work in the places where it's tried). The first step, I believe, is to make people aware of it and help them understand it. So, I hope you'll click on over and read through the article, titled Capitalist? Socialist? Distributist. Here are a few excerpts to get thing started:

Capitalism and socialism are theoretically enemies, but for the ordinary citizen, their results are remarkably similar: little or no power. In socialism, power centers in the few who happen to run the government. In capitalism, power gathers in the few who happen to run the largest corporations... 

In contrast to both socialism and capitalism, distributism aims for a wide distribution of private property.

[in distributism] Power is balanced and decentralized, according to the principle of subsidiarity: Every function is controlled at the most local level possible.

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