As someone who lived in New England for 45 years, the thought of coming to Massachusetts in November without the luxuries of central heating and indoor plumbing is horrifying. But somehow the Pilgrims survived. I recently posted the story of Samoset and Squanto (article here), but there was another aspect to the survival of the Pilgrims–private property rights.
On Sunday, John Stossel posted the following at Hot Air:
As we gather this Thanksgiving, it’s easy to take abundance for granted.
Leftovers are practically guaranteed.
It wasn’t always this way.
For most of history, there were no Thanksgiving feasts. Hunger, if not starvation, was the norm.
Today, supermarkets are stocked with exotic foods from all over the world. Most of it is more affordable than ever. Even after President Joe Biden’s 8% inflation, Americans spend less than 12% of our income on food, half of what they spent 100 years ago
Why?
Because free markets happened. Capitalism happened.
When there is rule of law and private property, and people feel secure that no thief or government will take their property, farmers find new ways to grow more on less land. Greedy entrepreneurs lower costs and deliver goods faster. Consumers have better options.
Yet today many Americans trash capitalism, demanding government “fixes” to make sure everyone gets equal amounts of this and that.
But it’s in countries with the most government intervention where there are empty store shelves and hungrier people.
The article recounts some early American history:
This week, we celebrate the Pilgrims, who learned this lesson the hard way.
When they first landed in America, they tried communal living. The harvest was shared equally. That seemed fair.
But it failed miserably. A few Pilgrims worked hard, but others didn’t, claiming “weakness and inability,” as William Bradford, the governor of the colony, put it.
They nearly starved.
Desperate, Bradford tried another approach. “Every family,” he wrote, “was assigned a parcel of land.”
Private property! Capitalism! Suddenly, more pilgrims worked hard.
Of course they did. Now they got to keep what they made.
Bradford wrote, “It made all hands very industrious.”
He spelled out the lesson “The failure of this experiment of communal service, which was tried for several years, and by good and honest men proves the emptiness of the theory … taking away of private property, and the possession of it in community … would make a state happy and flourishing.”
The free market works–crony capitalism does not. It will be the job of the Trump administration to restore the free market economy and end crony capitalism. It won’t be easy, and they may not be able to complete the job, but we need them to begin.