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distributism

based on the distributist slogan "Three acres and a cow" Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated. Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching principles, especially those of Pope Leo XIII in his encyclical Rerum novarum (1891) and Pope Pius XI in Quadragesimo anno (1931). 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, due to their extreme concentration of ownership. 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 vigorous anti-trust laws to restrain or eliminate overweening economic power. Christian democratic political parties such as the American Solidarity Party have advocated distributism alongside social market economy in their economic policies and party platform.

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Article summary

based on the distributist slogan "Three acres and a cow" Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated. Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching principles, especially those of Pope Leo XIII in his encyclical Rerum novarum (1891) and Pope Pius XI in Quadragesimo anno (1931). 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, due to their extreme concentration of ownership. 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 vigorous anti-trust laws to restrain or eliminate overweening economic power. Christian democratic political parties such as the American Solidarity Party have advocated distributism alongside social market economy in their economic policies and party platform.

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  1. Summarise the article in your own words. Which single claim would you verify first, and why?
  2. Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
  3. If two sources disagreed about one of these facts, what would you need in order to trust one over the other?

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