“Distributism” is an early 20th-century economic theory proposing that productive property and wealth should be widely owned by everyday citizens rather than concentrated in the hands of a wealthy few (capitalism) or the state (socialism).
It advocates for decentralized businesses, cooperatives, and robust anti-monopoly laws to empower families and communities.
I am not sure where that quote comes from but this language is virtually indistinguishable from several different Distributism websites describing and promoting Distributism.
This is exactly what gets Distributists in trouble and what gets them falsely labeled as socialists.
The acceptance of hard left language - its actually grotesque.
It was written:
“””””...........owned by everyday citizens rather than concentrated in the hands of a wealthy few (capitalism)..........”””””
That sentence describes corporatism, not capitalism. Capitalism is free markets, not concentrated holdings. So either the Distributist supporters writing this are (1) ill-informed, which bodes poorly for what would incentivize anybody to listen to the ignorant or (2) flat out stupid, which does not bode well for them in any capacity, or (3) agenda driven and simply do not care to get things correct even if it means siding with socialists on critical details.
Distributists might gain more support if they stopped embracing the left’s idiotic talking points and setting out distinctly to say “those guys are nuts, we’re not like them.”
We have that with the stock market - individuals own massive companies, taking part in their profit (and their loss) and with no work on their part. Paradise for those who continually invest in such. These bigger businesses are then balanced by individual small business owners. Works great if the government mostly stays out of the way.
The original "mass immigration" problem was the flood of European immigrants 1890-1920 who fundamentally changed the character of the Anglo-American republic.
It's possible to rebalance an industrial society but not through redistribution or laissez faire. Instead, the state must act to restrain the market to support the value of labor and incentivize capital investment to raise productivity. We did an amazing job of that 1945-75 and threw it away by embracing both excessive regulation and redistribution and "free trade."
The result is a middle class whipsawed by both capital and the government.
Where does Vance mention Distributism?