Distributism, also known as istributionism and distributivism, is a third-way economic philosophy formulated by such Roman Catholic thinkers as G. K. Chesterton and Hilaire Belloc to apply the principles of social justice articulated by the Roman Catholic Church, especially in Pope Leo XIII's encyclical Rerum Novarum and more expansively explained by Pope Pius XI's encyclical Quadragesimo Anno According to distributism, the ownership of the means of production should be spread as widely as possible among the general populace, rather than being centralized under the control of a few state bureaucrats (some forms of socialism) or wealthy private individuals (capitalism). A summary of distributism is found in Chesterton's statement: "Too much capitalism does not mean too many capitalists, but too few capitalists."