The search for an economic and political “third way” has haunted intellectuals for over a hundred years in the Western nations. Many forget that fascism was at one time considered a viable “third way” between liberal capitalism and communism, preserving for the most part private ownership of the means of production for profit but subjecting it to near total control and regulation by the state. Many other models would follow, from the local and anarchistic to the national and statist, appearing under many different names.
I too was caught up in the desperate search for a “third way”, as are many Catholics who eventually find their way to Distributism. But it became quite obvious to me that what people who actually defined themselves as libertarians and capitalists were promoting and defending really wasn’t what I had always thought it was, nor was it anything I could possibly find objectionable.