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How Capitalism Saved the Pilgrims | Cato @ Liberty

Daniel Griswold wasn’t the only one whose father told him the truth about how the Pilgrims survived. It’s a story worth repeating each year, generation to generation —

When I was growing up, my father would occasionally tell me the story around this time of year of how private property rights saved the Pilgrims from starvation.

When the Pilgrims first arrived in 1620, as my father told the story, they tried to live communally according to the spirit of the Mayflower Compact. What crops they grew were put in a common storehouse and then apportioned according to each family’s need. The small colony struggled to survive for two or three years until its leaders declared that every family henceforth would be responsible for growing its own food. The new system proved much superior at putting food on the table.

Via How Capitalism Saved the Pilgrims | Cato @ Liberty.

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