In 1620, the Mayflower with 102 passengers and a crew of 30 set sail for America. The Pilgrims arrived in miserable condition. Two people died on passage and others died shortly after.
The diary of the colony’s first governor, William Bradford, provides the details.
Thanksgiving is actually about the Failure of Socialism and the Success of Private Property and Capitalism.
In the diary of the colony’s first governor, William Bradford, we can read about the settlers’ initial arrangement: Land was held in common. Crops were brought to a common storehouse and distributed equally. For two years, every person had to work for everybody else (the community), not for themselves as individuals or families. Did they live happily ever after in this socialist utopia?
Hardly. The “common property” approach killed off about half the settlers. Governor Bradford recorded in his diary that everybody was happy to claim their equal share of production, but production only shrank. Slackers showed up late for work in the fields, and the hard workers resented it. It’s called “human nature.”
The disincentives of the socialist scheme bred impoverishment and conflict until, facing starvation and extinction, Bradford altered the system. He divided common property into private plots, and the new owners could produce what they wanted and then keep or trade it freely.
Communal socialist failure was transformed into private property/capitalist success, something that’s happened so often historically it’s almost monotonous. The “people over profits” mentality produced fewer people until profit—earned as a result of one’s care for his own property and his desire for improvement—saved the people.
Video Explanation by John Stossel
Please play the video. It's an eye opener.
Siren Song of Socialism
Time and time again people, especially young voters, are lured by the call of "free" health care, education, housing, social services, etc.
In the UK, Jeremy Corbyn is promising a self-professed "radical" socialist platform. On that score, Corbyn is correct, his plan is radical.
To understand how radical, please see Jeremy Corbyn Goes for Broke With Last Desperate Act, US Democrats Take Note.
Corbyn has had nothing but praise for Venezuela and its socialist model, now in the ashes of hyperinflation.
Meanwhile, in the US, Elizabeth Warren is promising similar things. So does AOC with her New Green Deal that will cost close to $90 Trillion.
So, please be thankful that Jeremy Corbyn, Elizabeth Warren, Bernie Sanders, etc., (socialists in general) are not running the UK and US.
Be fearful, that they might.
Mike "Mish" Shedlock