Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Capitalist lesson from first Thanksgiving
The Washington Times ^ | November 23, 2011 | Dr. Milton R. Wolf

Posted on 11/24/2011 7:50:30 PM PST by TBP

Our modern Thanksgiving celebration and, in fact, the very prosperity that engenders it, are a testament to the difficult lessons those beleaguered Pilgrims learned. Today, we peddle sanitized, cartoonish versions of Thanksgiving to our children as we focus on feasts and football, Christmas purchases and parades. We may be genuinely thankful for the fruits before us, but do we really understand the labors that produced them? As we look around an impoverished globe, we should ask ourselves what exactly it was that those prior generations did that made America the most prosperous nation in history. What lessons can we learn from those Pilgrims?

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Editorial; Miscellaneous; News/Current Events
KEYWORDS: communism; markets; pilgrimcapitalism; pilgrims; socialism
Markest work; collectivism doesn't.
1 posted on 11/24/2011 7:50:31 PM PST by TBP
[ Post Reply | Private Reply | View Replies]

To: TBP

Hope everyone had a blessed Thanksgiving!


2 posted on 11/24/2011 8:03:11 PM PST by Ciexyz
[ Post Reply | Private Reply | To 1 | View Replies]


Thanks TBP.
3 posted on 11/24/2011 8:24:12 PM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TBP

For the full story of this first economic experiment, read Gary North’s (his PhD. thesis):

PURITAN ECONOMIC EXPERIMENTS
http://www.garynorth.com/puritan_economic_experiments.pdf

Just remember the first group that landed at Plymouth was a mixed group of adventurers and a church group. The Christians did not want the contract that forced them to hold all in common but they had no choice as the new colony would not be sponsored without it. It was only after it proved to be unprofitable that they were able to get it nullified. In other words, the Congregationalists that founded Plymouth were not originally philosophical socialists, it was the financial backers that thought it was a way of getting the most money out of their investment.


4 posted on 11/25/2011 5:29:05 AM PST by Madam Theophilus
[ Post Reply | Private Reply | To 1 | View Replies]

To: TBP
Thanks to all who posted on this subject.

Thanksgiving time provides a great occasion for remembering our blessings and the liberty we inherited.

It was the Founders' principle of freedom for individual enterprise which brought America from the crude tools of ancient Europe to the most free and prosperous destination for oppressed peoples. See the following essay excerpted from "Our Ageless Constitution," a 292-page history of the ideas of liberty in America.

Freedom Of Individual Enterprise

The Economic Dimension Of Liberty Protected By The Constitution

"Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise." - Thomas Jefferson

"The enviable condition of the people of the United States is often too much ascribed to the physical advantages of their soil & climate .... But a just estimate of the happiness of our country will never overlook what belongs to the fertile activity of a free people and the benign influence of a responsible government." - James Madison

America's Constitution did not mention freedom of enterprise per se, but it did set up a system of laws to secure individual liberty and freedom of choice in keeping with Creator-endowed natural rights. Out of these, free enterprise flourished naturally. Even though the words "free enterprise' are not in the Constitution, the concept was uppermost in the minds of the Founders, typified by the remarks of Jefferson and Madison as quoted above. Already, in 1787, Americans were enjoying the rewards of individual enterprise and free markets. Their dedication was to securing that freedom for posterity.

The learned men drafting America's Constitution understood history - mankind's struggle against poverty and government oppression. And they had studied the ideas of the great thinkers and philosophers. They were familiar with the near starvation of the early Jamestown settlers under a communal production and distribution system and Governor Bradford's diary account of how all benefited after agreement that each family could do as it wished with the fruits of its own labors. Later, in 1776, Adam Smith's INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS and Say's POLITICAL ECONOMY had come at just the right time and were perfectly compatible with the Founders' own passion for individual liberty. Jefferson said these were the best books to be had for forming governments based on principles of freedom. They saw a free market economy as the natural result of their ideal of liberty. They feared concentrations of power and the coercion that planners can use in planning other peoples lives; and they valued freedom of choice and acceptance of responsibility of the consequences of such choice as being the very essence of liberty. They envisioned a large and prosperous republic of free people, unhampered by government interference.

The Founders believed the American people, possessors of deeply rooted character and values, could prosper if left free to:

  • acquire and own property
  • have access to free markets
  • produce what they wanted
  • work for whom and at what they wanted
  • travel and live where they would choose
  • acquire goods and services which they desired

Such a free market economy was, to them, the natural result of liberty, carried out in the economic dimension of life. Their philosophy tend­ed to enlarge individual freedom - not to restrict or diminish the individual's right to make choices and to succeed or fail based on those choices. The economic role of their Constitutional government was simply to secure rights and encourage commerce. Through the Constitution, they granted their government some very limited powers to:

Adam Smith called it "the system of natural liberty." James Madison referred to it as "the benign influence of a responsible government." Others have called it the free enterprise system. By whatever name it is called, the economic system envisioned by the Founders and encouraged by the Constitution allowed individual enterprise to flourish and triggered the greatest explosion of economic progress in all of history. Americans became the first people truly to realize the economic dimension of liberty."
__________________

As the articles and links on this thread discuss, our Founders' ancestors, over 100 years before their Declaration of 1776, had discovered that collectivism and redistribution did not work, and their discovery led to the:

The Miracle of America

from

axes and hoes to high technology;

log cabins to air-conditioned condos;

horsedrawn wagons to autos, planes, and rockets;

scarcity to abundance; &

from tyrannical government rule to individual liberty

HOW DID IT ALL BEGIN?

Most of our history books don’t tell us that, in the beginning, the pilgrims established a communal economic system. Each was to produce according to his ability and contribute his production to a common storehouse from which each was to draw according to his need.

The assurance that they would be fed from the common store, regardless of their contribution to it, had a peculiarly disabling effect on the colonists. Taking property away from some and giving it to others bred discontent and retarded employment. Human nature was the same then as now, and before long, there were more consumers than there were producers, and the pilgrims were near starvation. Governor Bradford, his advisors, and the colonists agreed that in order to increase their crops, each family would be allowed to do as it pleased with whatever it produced. In other words, a free market system was established. In Governor Bradford’s own words:

“This had very good success; for it made all hands very industrious, so as much more corne was planted than other waise would have bene by any means ye Governor or any other could use, and saved him a great deall of trouble, and gave farr better contente. The women now wente willingly into ye field, and tooke their little-ons with them to set corne, which before would aledg weaknes, and inabilitie; whom to have compelled would have bene though great tiranie and oppression. . . . By this time harvest was come, and instead of famine, now God gave them plenty, and the face of things was changed. . . . and some of ye abler sort and more industrious had to spare, and sell to others, so as any generall wante or famine hath not been amongst them since this day . . . .” (Wm. Bradford, “Of Plimoth Plantation,” original manuscript, Wright & Potter, Boston, 1901)

Those who, today, favor central government planning, common ownership and redistribution of the earnings of others are advocating a system that Americans tried and rejected over 350 years ago. Their wisdom gave birth to the great American miracle!

(This message originally published in the mid-1980’s by Stedman Corporation’s Government Affairs & Free Enterprise Education Program – a former NC textile firm.


5 posted on 11/25/2011 9:10:28 AM PST by loveliberty2
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson