Distributism is the wild idea that property, power, and wealth should not be concentrated in the hands of a few tyrants running the State, nor in the hands of a few oligarchs running a corporation, but should instead be owned by all human beings, who have a natural right to private property, work and the fruit of the labors supplying their needs and the needs of their families. It is hostile to both communism (the concentration of wealth, power and property in the hands of the State) and capitalism (the concentration of wealth, power and property in the hands of a few oligarchs). It is in favor of the ordinary person being able to use his gifts and talent to create goods and exploit resources for human flourishing. It favors private property, freedom, and human dignity that puts the person before Mammon. It prefers the small over the ginormous, the local over the multinational corporation, the family over the economic machine.
If you want to know more, go here.
Also check out Dale Ahlquist’s The Hound of Distributism.