Martin Meenagh blog

Part of the reason America and the World is in an Economic Mess

From The Distributist Review....

Let's take the 2006 Federal Reserve, Department of Treasury survey as a practical example. We begin with $100. Then we add 100 people. Now, a perfectly equal distribution of wealth (which is not the goal of distributism) would be $1 per person. As it stands right now, the 50 individuals at the bottom of the stack have $0.05. Collectively, they make up $2.50, leaving $97.50 to be divided between the remaining 50. The next 40 have $0.70 of wealth, or $28 collectively. The next nine have $4 of wealth, or $36 collectively. Now this leaves one person remaining. This single individual would, per $100 mentioned earlier, have in his or her sole possession $33.50.

The other interesting thing I found on the website was that the Devereux pub, round the back of the Middle Temple and, as my one demented reader will know, one of my haunts when down that way, was where Distributivism started and a favourite with GK Chesterton. Ah, London....

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