Robert Oak of Economic Populist often gets on my back for what he calls "Economic Fiction".
I think I finally realized what he means by that. He means anything outside of the axioms of economics taught by Keynes, Roosevelt, and Smith- the axioms and theories that classic economics is built on.
I don't hold to those as the founding documents for my economics. Instead as a good Catholic should- as ANY good Catholic should- my economics is built on Rerum Novarum from Pope Leo XIII, Quadragesimo Anno from Pope Pius XI, Mater et Magistra from Pope John XXIII, and of course John Paul The Great's Centesimus Annus.
In these, work is held as a holy good in and of itself; the product of work destined for charity to oneself, one's family, and one's community. Private property is acknowledged, but limited to doing good rather than the freedom to do evil. The power of the corporation in capitalism and the power of the state in communism or socialism is restrained to a duty to provide for the material good of the individual, every individual, not just profits and power for the few.
Efficiency, beyond that which is necessary to make sure that every human being on the planet has food, clothing, shelter, clean water, and medical care, is simply NOT a concern in the economics preached by the Popes. That each man has the dignity to work to provide food, clothing, shelter, clean water, and medical care for his family, is the overriding concern.
Note also that class warfare, is considered a huge negative- the rich and the poor are to toil together in the common sacred duty to provide for the community.
This isn't communism- and it isn't capitalism. It's a third way, known as distributism. And I would hold that it is equal in reality to the other two ways- Catholic communities all over the world have been practicing this third way for many centuries before Pope Leo XIII was born, and the system is so sustainable that I have no doubt that long after the last revolutionary communist is in his grave and the last capitalist bankster has stolen his last penny of usury from some poor widow, there will be distributist communities still in existence.
In the middle ages and dark ages, such communities existed without any outside official government or economic system to depend on. They are extremely robust. I would encourage any survivalist following my blog to read these documents, and consider what a world we could have, made up of small communities following these axioms, values, and principles.