John Médaille is a U.S.-based ‘distributist’. Distributism is a tradition which originated within Catholic social thought and stresses that the distribution of property between all citizens is a prerequisite for a just and prosperous society, and sharply distinguishes equitable markets from capitalism.P2P
This speech was given in Romania, for the Advanced School of Economics, under the title, “Why Isn’t Romania Rich.” In this part below, we reproduce the parts of general important, not restricted to Romania. It is well written and worth considering.
A return to a political economy based on distributed property