Thursday, November 24, 2011

Happy Thanksgiving!

Thursday, November 26, 2009

To understand the history and significance of the first Thanksgiving in November, 1623 read the journal of Pilgrim Governor William Bradford. The Mayflower Compact set up a commune at the Plymouth Bay Colony with equal collective ownership, hence destroyed all incentive and half the Pilgrims starved to death. This disastrous socialist experiment was successfully replaced with capitalist individual farm plots on their plantation according to Bradford so that the Pilgrims would be incentivized by benefiting from their own individual efforts, and with farming knowledge learned from the local Indians, food became abundant leading to the first Thanksgiving celebration and subsequent success of the colony.


Anonymous Anonymous said...

In 1933 Stalin almost exactly repeated this same socialist experiment on a vast scale in the Soviet Union with the same result, the death by starvation of millions of Ukrainians.

11/27/2009 12:34 PM  
Anonymous Anonymous said...

"What private property does, as Pilgrims discovered, is connect effort to reward. That creates an incentive for people to care much more and protect things. That's what has protected ... the buffalo in the west ... and is what saved the Pilgrims and then made America the richest country in the history of the world. If you live in a slum in [a foreign country] and have no deed to your property you're stuck in poverty but when you know that your home or store or whatever you make is safe from confiscation, then you can borrow and take risks and invest. That gives you the power to prosper. And that's the lost lesson of Thanksgiving. So Happy Thanksgiving – go prosper!" John Stossel

11/24/2011 10:50 PM  
Anonymous Anonymous said...

The NPR Podcast The Secret Document that Transformed China tells much the same story.

2/13/2018 7:11 PM  

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