THE CATHOLIC KNIGHT: A reading of the papal encyclicals on economic social justice reveals this to be true. Catholics should be Distributists.
I believe we are now entering a time of complete economic and social collapse, which of course will lead to political collapse too, not just for the United States, but for nations around the world. Current trends now being reported in China indicate a massive economic bubble is about to pop in the Chinese housing market. This will likely result in the complete implosion and collapse of the Chinese economy, followed by economies around the world, perhaps delivering the final blow needed to implode the European and American economies as well. This is it! Laissez-Faire Capitalism and State Socialism have failed. The post-enlightenment economic models have left the whole world in financial ruin!
In a desperate attempt to regain control after the inevitable collapse that will soon come, we can look forward to the emergence of big-brother police-states in the Western world, employing strategies of law enforcement similar to those used in Communist China and the old Soviet Union. Even the United States has paved the way for this through recent legislation passed by the Senate, and on its way to be signed by President Obama. The governments of the West are preparing for a soon coming Economic Armageddon! In the midsts of this social upheaval and the police-state to follow, I do not know if 'The Catholic Knight' blog will be able to remain on the Internet. We can pray, and I will certainly try to keep it online for as long as possible. However, when living under a government that fears ideas that contradict the status quo, and has now the legal means to silence those ideas, I do not think it far fetched that Uncle Sam may perhaps shut down this little blogging venture in the not-too-distant future. Should that happen, I want my readers to start thinking about the future. When this is finally all over, we are going to have to rebuild, and I want you to take this idea with you. After the implosion of the economic models given to us by the Enlightenment Era (Capitalism and Socialism), let us all return to the teachings of the Church on economics, because what is economics after all, but morality by another name...
(Wikipedia) -- Distributism (also known as distributionism, distributivism) is a third-way economic philosophy formulated by such Catholic thinkers as G. K. Chesterton and Hilaire Belloc to apply the principles of Catholic social teaching articulated by the Catholic Church, especially in Pope Leo XIII's encyclical Rerum Novarum and more expansively explained by Pope Pius XI's encyclical Quadragesimo Anno.
According to distributism, the ownership of the means of production should be spread as widely as possible among the general populace, rather than being centralized under the control of the state (state socialism) or a few large businesses or wealthy private individuals (laissez-faire capitalism). A summary of distributism is found in Chesterton's statement: "Too much capitalism does not mean too many capitalists, but too few capitalists."
Essentially, distributism distinguishes itself by its distribution of property (not to be confused with redistribution of wealth). While socialism allows no individuals to own productive property (it all being under state, community, or workers' control), distributism itself seeks to ensure that most people will become owners of productive property. As Belloc stated, the distributive state (the state which has implemented distributism) contains "an agglomeration of families of varying wealth, but by far the greater number of owners of the means of production." This broader distribution does not extend to all property, but only to productive property; that is, that property which produces wealth, namely, the things needed for man to survive. It includes land, tools, etc.
Distributism has often been described as a "third way", in opposition to both socialism and capitalism. Thomas Storck argues that "both socialism and capitalism are products of the European Enlightenment and are thus modernizing and anti-traditional forces. In contrast, distributism seeks to subordinate economic activity to human life as a whole, to our spiritual life, our intellectual life, our family life".
Some have seen it more as an aspiration, which has been successfully realised in the short term by commitment to the principles of subsidiarity and solidarity (these being built into financially independent local cooperatives and small family businesses), though proponents also cite such periods as the Middle Ages as examples of the historical long-term viability of distributism....