People who want to know a bit more about the particulars of this economic thought should check out Distributivism. While I don't know much about it, it seems like the idea of reconciling private property ownership with the spread of the means of production to all people goes well with open source / maker movement ideas.

"According to distributists, property ownership is a fundamental right and the means of production should be spread as widely as possible rather than being centralized under the control of the state (state socialism) or of accomplished individuals (laissez-faire capitalism). Distributism therefore advocates a society marked by widespread property ownership and, according to co-operative economist Race Mathews, maintains that such a system is key to bringing about a just social order.

Distributism has often been described in opposition to both socialism and capitalism, which distributists see as equally flawed and exploitative."

http://en.wikipedia.org/wiki/Distributivism