This video introduces you briefly to GK Chesterton and then discusses his definitions of Capitalism, Socialism and Distributism. I point out that Aristotle’s views on property in The Politics may be the origin of distributist thought, and give some background information that may help understand why Chesterton defines Capitalism and Communism as he does. Chesterton criticizes Capitalism for really being “Proletarianism” or a system of wage dependency. He criticizes Socialism for being dangerous because it places all resources and decisions into the hands of the state. Both of them concentrate property into a few hands, whereas Distributism calls for spreading property ownership more evenly. Spain’s Mondragon corporation is used as an example of contemporary distributism at work.
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