Four Moral Grounds for the Wide Distribution of Capital Endowment Goods

Abstract

Distributism is the rather awkward name given to a program of political economy formulated chiefly by G. K. Chesterton and Hilaire Belloc. . . . Both Catholics, they sought to turn the social teaching of Popes Leo XIII and Pius XI into a concrete program of action. They rejected socialism, believing that private property was an essential component of human flourishing, but they also rejected the existing capitalist system as concentrating private property in far too few hands.1