Distributivism - Economic TheorySubmitted by eriefreedomalliance on Tue, 09/24/2013 - 20:54
Stumbled upon something different.
Perhaps a third option? Not capitalism or socialism, but distributivism:
This grew out of Catholic thought and teaching.
What is distributivism?
Catholic social teaching:
[Crony] Capitalism: Means of production in few hands
Socialism (Communism?): Means of production in government or public hands
Distributivism: Means of distribution distributed as widely as possible; similar to co-ops and small (medium?) businesses; guilds; not inherently luddite but may tend towards agrarian society and ethic.
Thomas Woods, Jr., "Catholic", argues against distributivism on a Mises entry: http://mises.org/daily/1062
This is not taught strongly in any mainstream "Catholic" schools or universities as far as I'm aware, but is something I think may be "cutting edge" alternative culture revived in the future which has been intuitively realized within the culture we live to some extent with aforementioned analogous examples.
For anyone out there into Jewish conspiracies, Rothbard and Mises, top libertarian economists, were both Jews. So I have some skepticism about Austrian economics at the moment and have been weighing other possible alternatives. Are there other libertarian schools of thought in conflict with the Austrians?
It is also possible that elements of distributivism might be gleaned from the theory and put into the free market.
Libertarian vs./+ distributivist debate discussion:
Christopher Ferrara, writing for the Remnant, "In Defense of Distributivism":
^Ferrara and Woods, both indult-circle "Catholics", had a public falling out and Ferrera wrote an anti-libertarian book, "Liberty: The god that Failed"