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#1222517 - Wed Nov 23 2016 01:39 PM How Capitalism saved the Pilgrims
the G-man
Offline Officially "too old for this shit"

Registered: Fri May 16 2003
Posts: 43295
Loc: the right
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  • Tomorrow, as you celebrate the meal the Pilgrims ate with Indians, pause a moment to thank private property.

    I know that seems weird, but before that first Thanksgiving, the Pilgrims nearly starved to death because they didn't respect private property.

    When they first arrived in Massachusetts, they acted like Bernie Sanders wants us to act. They farmed "collectively." Pilgrims said, "We'll grow food together and divide the harvest equally."

    Bad idea. Economists call this the "tragedy of the commons." When everyone works "together," some people don't work very hard.

    Likewise, when the crops were ready to eat, some grabbed extra food -- sometimes picking corn at night, before it was fully ready. Teenagers were especially lazy and likely to steal the commune's crops.

    Pilgrims almost starved. Governor Bradford wrote in his diary, "So they began to think how they might raise as much corn as they could ... that they might not still thus languish in misery."

    His answer: He divided the commune into parcels and assigned each Pilgrim his own property, or as Bradford put it, "set corn every man for his own particular. ... Assigned every family a parcel of land."

    That simple change brought the Pilgrims so much plenty that they could share food with Indians. Bradford wrote that it "made all hands very industrious, so as much more corn was planted than otherwise would have been."

    We see this principle at work all around us today. America is prosperous because private property is mostly respected, and people work hard to protect what they own.

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#1222518 - Wed Nov 23 2016 02:25 PM Re: How Capitalism saved the Pilgrims [Re: the G-man]
Pariah
Offline The conscience of the rkmbs!

Registered: Sun Sep 07 2003
Posts: 30666
Loc: Fucktard Valley, CA
That's always been one of my favorite stories.

I'm lost without the sig divider.

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