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The Thomistic Institute
On Distributism | Prof. Andrew Abela
Jun 9, 2024
Prof. Andrew Abela discusses Distributism, advocating for widespread property ownership over redistribution. They explore the roots in 20th-century English Catholic authors, Pope Leo XIII's influence, Rerum Novarum's impact on faith and workers' rights, critiques of capitalism, and challenges in achieving distributism amidst obstacles like corporate welfare and usury.
35:13
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Quick takeaways
- Distributism promotes widely distributed property ownership for economic freedom.
- Obstacles to distributism include corporate welfare, regulatory capture, inflation, and usury challenges.
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Overview of Distributism
Distributism is an economic system championed by Hilaire Belloc and G.K. Chesterton in the early 20th century, focusing on widely distributing property in society. Influenced by Pope Leo XIII's encyclical letter Rerum Novarum, distributism emphasizes property ownership for all individuals, rejecting proposals to abolish private property and advocating for the rights and dignity of workers.
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