Troubled by rampant injustice and inequality, many conscientious Christians advocate radical economic reforms. Distributism, a program that traces its popularity to Catholic writers Hilaire Belloc and G.K. Chesterton, promotes the widespread ownership of property by tempering the market with guilds or similar associations. Thomas Woods, drawing on a wealth of historical evidence and informed by Catholic social teaching and economic insight, argues that the distributist case is severely flawed. By its nature, distributism must invoke the power of the state, a dangerous move that ultimately undermines its own objectives. Economic freedom in a market system, Woods advises, is a context more conducive to justice and human flourishing.
Description:
Troubled by rampant injustice and inequality, many conscientious Christians advocate radical economic reforms. Distributism, a program that traces its popularity to Catholic writers Hilaire Belloc and G.K. Chesterton, promotes the widespread ownership of property by tempering the market with guilds or similar associations. Thomas Woods, drawing on a wealth of historical evidence and informed by Catholic social teaching and economic insight, argues that the distributist case is severely flawed. By its nature, distributism must invoke the power of the state, a dangerous move that ultimately undermines its own objectives. Economic freedom in a market system, Woods advises, is a context more conducive to justice and human flourishing.