What is "distributism"

Distributism (also known as distributionism or distributivism) is an economic ideology that developed in Europe in the late 19th and early 20th century based upon the principles of Catholic social teaching, especially the teachings of Pope Leo XIII in his encyclical Rerum novarum and Pope Pius XI in Quadragesimo anno.

In the early 21st century, some observers speculated about Pope Francis's position on distributism because of his denouncement of unfettered capitalism as tyranny in his apostolic exhortation Evangelii gaudium.