A just return

Gilbert Keith Chesterton proposed a third economic model, that of distributism, which would see wealth distributed in a more equitable way.

The Strickland Foundation and the Farsons Foundation as well as the Department of English of the Univesity of Malta are to be commended for the May 15, first-ever conference on GK Chesterton to be held in Malta.

Distributism encourages small owners of property as in this way wealth would not be concentrated in the hands of the few and so too power would not be the preserve of the super rich. Such a set-up would militate against absolutism both of the left, communism, and of the right, corporate fascism.

As a shareholder I subscribe to the view that, through industrial democracy, the citizen owner of shares participates in the wealth generated, contributes to society’s balance of power and should get a just return for setting aside earnings to invest rather than consume.