It is new to me, newer than it should be. I always looked at "third" options between the two as weakly trying to appease both sides. To me it aligns well with "localism" and the good aspects of anarchism which do really exist in spite of all the childishness and literal groomers and pervs who have flocked to it for maybe a century, and all the city-bound college professors and grifters who some how thing everything will just roll into cities as it is now while they write poetry for the masses. Distributism sees a capitalist owning everything and the government owning everything as the same problem-- we all see that as the problem both sides pose us. Instead, we all own our shit and our ... means of production to borrow a term and all that.