Distributism

Distributism is an alternative economic system that supports widespread private ownership of property, small businesses and subsidiarity. Distributists oppose both capitalism and socialism because they believe both concentrate most of property into the hands of few people (the rich in capitalism's case and the government in socialism's case)

Distributism was developed by Hilaire Belloc and G.K. Chesterton based upon Pope Leo XIII's encyclica Rerum novarum and Pope Pius XI's Quadragesimo anno.

Goals of Distributism
Distributism seeks widespread ownership of property and traditional corporations being replaced with family-owned businesses, worker-owned businesses, or coops. Distributists also support subsidiarity, the devolvement of power to the lowest level possible.

Means of Distributism
While distributists have many differing visions of how distributism should be implemented, most agree with fiscal initiatives encouraging the formation of small businesses and coops and strong anti-trust regulations targeting megacorporations.

In order to guide the economy towards benefiting humanity as a whole and not only sales, distributists seek the establishment of guilds, organizations of artisans producing the same good, which would regulate prices and working conditions, share knowledge, tools and supplies, prevent and resolve conflicts and help out those starting in the field.

Some modern-day distributists support a Universal Basic Income in order to encourage self-sufficiency. Others object on grounds of encouraging sloth and other reasons.