I’ve recently read the book Toward a Truly Free Market by John Médaille, a book that largely expounds on the economic concept of (Neo)Distributism.
I would like to preface my comments about the book with the following three points:
First, although I agree with various facets of Distributism – as it is presented it in the book – I would not consider myself a believer in the overall concept, for various reasons.
Second, there are various analyses and conclusions within the book that I don’t agree with.
Third, many who are familiar with micro or macroeconomics, might find much of the material in this book either unfamiliar, and/or wildly provocative, and/or heretical in nature. This book is far from what is currently considered economic “convention.”
Notwithstanding these three points, this book is unique in many ways and is very notable. I could write extensively about it, but for now I will summarize my thoughts.
The book focuses on what an economic system should be, and uses a variety of arguments and cites economic theory spanning centuries. It is critical of our current economic model on a number of fronts.
It also introduces various theories that are quite interesting and thought-provoking, and are especially relevant to our current economic situation.
As well, it offers many suggestions and examples of what a “Distributist” economy would look like.
In aggregate I view this book as very valuable. I do believe that this book and its suggestions are (at the very least) worthy of serious contemplation.
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1336.10 as this post is written