Distributism | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-11-26

This is an audio version of the Wikipedia Article:
Distributism

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SUMMARY
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Distributism is an economic ideology asserting that the world's productive assets should be widely owned rather than concentrated. It was developed in Europe in the late 19th and early 20th centuries based upon the principles of Catholic social teaching, especially the teachings of Pope Leo XIII in his encyclical Rerum novarum (1891) and Pope Pius XI in Quadragesimo anno (1931). It views both capitalism and socialism as equally flawed and exploitative, and it favors economic mechanisms such as small-scale cooperatives and family businesses, and large-scale anti-trust regulations.
Some Christian Democratic political parties have advocated distributism in their economic policies.