Posted in Consumption Inequality, Cost of labor, Dependency, Economic Issues, Education, Free Society, Liberty, Organizational structure, outcomes, Philosophy, Policy Issues, Poverty, Representative Republic vs. Democracy, Rule of Law, Uncategorized, Wealth

Why the Pilgrims Abandoned Common Ownership for Private Property – Foundation for Economic Education

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.

https://fee.org/articles/why-the-pilgrims-abandoned-common-ownership-for-private-property/

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A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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