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The lesson of Thanksgiving: private property is best.
If individuals can take from a common pot regardless of how much they put in, each person has an incentive to be a free-rider, to do as little as possible because what one fails to take will be taken by someone else. Soon, the pot is empty.What private property does – as the Pilgrims discovered –is connect effort to reward, creating an incentive for people to produce far more. Then, if there’s a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer. John Stossel
Related articles
- “A Thanksgiving Lesson.” and related posts (willisms.com)
- Lost Lesson of Thanksgiving (foxnews.com)
- How Private Property Saved the Pilgrims (volokh.com)
- “Thanksgiving: Overcoming Socialism” and related posts (theabsurdreport.com)
- “Were the Pilgrims Socialists?” and related posts (philipvickersfithian.com)
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