Distributism has as much chance of ever being a major economic system as does the economic system of Utopia (No Place) by Saint Thomas More, which is a very good thing. Attempts to implement economic systems in the real world that rely on reshaping how humans behave has a track record, one which no one sane should be eager to emulate.
Absolutely right. Distributism does not make the slightest bit of economic sense. I'd rather be a Socialist than a Distributist.
G.K. Chesterton liked the idea of every man being his own captialist, yet recent statistics indicate that most people who are self-employed have a very poor standard of living. There are an awful lot of benefits to being a wage slave working for a big corporation.