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'''Distributism''' is a third-way, free market economic system whose classic version is a culturally right wing ideology, inhabiting a moderate position in the Authoritarian Left quadrant of the Political Compass.
 
HeDistributism isasserts basedthat onthe world's productive assets should be widely owned rather than concentrated. Developed in the Catholiclate social19th teachingsand early 20th centuries, particularlydistributism thewas encyclicalsbased ofupon Catholic social teaching principles, especially PopesPope Leo XIII's and,teachings toin ahis lesserencyclical extent,Rerum novarum (1891) and Pope Pius XI, in Quadragesimo anno (1931),and was developed into a more concrete ideology by Catholics in the 20th century, primarily Hilaire Belloc and G.K. Chesterton. It has influenced Anglo Christian Democratic movements, and has been recognized as one of many influences on the social market economy.
 
Distributism views laissez-faire capitalism and state socialism as equally flawed and exploitative. Instead, it favours small independent craftsmen and producers; or, if that is not possible, economic mechanisms such as cooperatives and member-owned mutual organisations as well as small to medium enterprises and large-scale competition law reform such as antitrust regulations.
 
==History==
 
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