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#38 - Economics for Local Community with Joseph Pierce: Why Small Is Still Beautiful

New Kinship

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Principles of Distributism and Subsidiarity in Economics

Economics should focus on the well-being of individuals and communities by ensuring the redistribution of productive property, not just wealth. Distributism promotes a society where people have a stake in the means of production they rely on. Subsidiarity, or localism, emphasizes decision-making at the most local level possible rather than centralizing power. These principles aim to create a society where economic systems serve people and communities rather than concentrating power and wealth in the hands of a few.

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