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distributism

[dih-strib-yoo-tiz-uh m]
noun
  1. a socioeconomic theory and system advocating widespread ownership of private property and the means of production: based on late 19th-century Catholic teachings on economic and social justice.
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Origin of distributism

First recorded in 1920–25; distribut(e) + -ism
Also called dis·trib·u·tiv·ism, dis·tri·bu·tion·ism [dis-truh-byoo-shuh-niz-uh m] /ˌdɪs trəˈbyu ʃəˌnɪz əm/.
Related formsdis·trib·u·tist, noun, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018