Pilgrim’s Thanksgiving: How Communism Failed and Private Property Triumphed
Posted by FactReal on November 25, 2012
|The Pilgrims failed with communal ownership required by their investors in London. The Pilgrims succeeded until they instituted private property.
The Pilgrims’ venture to the New World was financed by an investment syndicate in London that required the Pilgrims to put everything into a “common pool” which after seven years would be divided equally between investors and Pilgrims. The investors thought this “common wealth” contract condition would increase their probability of collecting their dues by pressuring the Pilgrims to work for “everyone” instead of working for their own private properties.
However, once this “communal ownership” was put into practice, it did not increase productivity or community participation. Quite the contrary. This form of communism demoralized the Pilgrims, and gave rise to new problems (i.e., unwillingness to work, confusion, discontent, loss of mutual respect, etc.) — typical of societies that adopt communism/socialism.
In brief, the Pilgrims experienced the failure of communal property and decided to replace it with private property, which allowed the colony to finally flourish.
This drastic change was recorded by William Bradford, the second governor of Plymouth, in his journal Of Plymouth Plantation. Bradford also criticized Plato’s utopianism where private property would be abolished and citizens would be “guided” by elitists.
|Pilgrim Governor William Bradford, Of Plymouth Plantation, 1623:
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