1. Distributism
Distributism is an approach to an economics based on widely distributed ownership of property inspired by the 1891 encyclical Rerum Novarum of Pope Leo XIII. After reviewing latter assessments of the Distributism as fantastical, reactionary, unspecific, simplistic, frivolous, and a literary distraction, Carlson shows how the policies of Distributism were grounded in Catholic Social Teaching, were concretely laid out and practical. Moreover, the writings of distributist authors Hillaire Belloc and G. K. Chesterton were influential on public policy throughout the world in the later twentieth century and were in some respects prophetic. He suggests that the legacy of Distributism includes British policies aimed at increasing homeownership, as well as the U.S. Home Owners Loan Act of 1933, as well as the Federal Housing Administration, although noting failures in efforts to restore peasantries.
Read more about this topic: Third Ways