November 22, 2005
By Michael Franc
Recalling the story of the Pilgrims is a Thanksgiving tradition,
but do you know the real story behind their triumph over hunger and
poverty at Plymouth Colony nearly four centuries ago? Their
salvation stemmed not so much from the charitable gestures of local
Indians, but from their courageous decision to embrace the
free-market principle of private property ownership a century and a
half before Adam Smith wrote The Wealth of Nations.
Writing in his diary of the dire economic straits and
self-destructive behavior that consumed his fellow Puritans shortly
after their arrival, Governor William Bradford painted a picture of
destitute settlers selling their clothes and bed coverings for food
while others "became servants to the Indians," cutting wood and
fetching water in exchange for "a capful of corn." The most
desperate among them starved, with Bradford recounting how one
settler, in gathering shellfish along the shore, "was so weak
… he stuck fast in the mud and was found dead in the
The colony's leaders identified the source of their problem as a
particularly vile form of what Bradford called "communism."
Property in Plymouth Colony, he observed, was communally owned and
cultivated. This system ("taking away of property and bringing [it]
into a commonwealth") bred "confusion and discontent" and "retarded
much employment that would have been to [the settlers'] benefit and
The most able and fit young men in Plymouth thought it an
"injustice" that they were paid the same as those "not able to do a
quarter the other could." Women, meanwhile, viewed the communal
chores they were required to perform for others as a form of
On the brink of extermination, the Colony's leaders changed course
and allotted a parcel of land to each settler, hoping the private
ownership of farmland would encourage self-sufficiency and lead to
the cultivation of more corn and other foodstuffs.
As Adam Smith would have predicted, this new system worked
famously. "This had very good success," Bradford reported, "for it
made all hands very industrious." In fact, "much more corn was
planted than otherwise would have been" and productivity increased.
"Women," for example, "went willingly into the field, and took
their little ones with them to set corn."
The famine that nearly wiped out the Pilgrims in 1623 gave way to a
period of agricultural abundance that enabled the Massachusetts
settlers to set down permanent roots in the New World, prosper, and
play an indispensable role in the ultimate success of the American
A profoundly religious man, Bradford saw the hand of God in the
Pilgrims' economic recovery. Their success, he observed, "may well
evince the vanity of that conceit...that the taking away of
property... would make [men] happy and flourishing; as if they were
wiser than God." Bradford surmised, "God in his wisdom saw another
course fitter for them."
Amen to that.
Thanksgiving Story: 2005
Plymouth's Pilgrims may have survived that near-fatal brush with
socialism but, sadly, many political leaders remain transfixed by a
blind faith in the ability of government to shape and set the
course of human behavior.
Case in point: the tenacious liberal belief that no connection
exists between the tax burden we place on capital formation and the
economic behavior of those who must shoulder that burden.
The liberal creed holds that investors will take economic risks and
create jobs no matter how punitive the tax regime. To liberals,
lowering that burden through reductions in the rate of taxation
simply bestows an unwarranted windfall on the "rich" and deprives
the government of much-needed tax revenue.
Of course, incentives matter every bit as much today as they did
four centuries ago. The latest proof comes from figures released by
the Treasury Department for the fiscal year that ended on Sept. 30.
They vindicate the predictions of conservative economists that the
2003 law, which included a number of pro-growth provisions such as
cutting the top tax rate on capital gains and dividends to 15
percent, would be a raging success.
Compared to the previous year:
We have much to be thankful for this Thanksgiving season.
Mike Franc, who
has held a number of positions on Capitol Hill, is vice president
of Government Relations at The Heritage Foundation.
First appeared in Human Events
Recalling the story of the Pilgrims is a Thanksgiving tradition, but do you know the real story behind their triumph over hunger and poverty at Plymouth Colony nearly four centuries ago?
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