Happy Thanksgiving, But Do You Know What It's Really About?

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The origins of Thanksgiving are likely far different that you have been led to believe.

History Lesson

In 1620, the Mayflower with 102 passengers and a crew of 30 set sail for America. The Pilgrims arrived in miserable condition. Two people died on passage and others died shortly after.

The diary of the colony’s first governor, William Bradford, provides the details.

Thanksgiving is actually about the Failure of Socialism and the Success of Private Property and Capitalism.

In the diary of the colony’s first governor, William Bradford, we can read about the settlers’ initial arrangement: Land was held in common. Crops were brought to a common storehouse and distributed equally. For two years, every person had to work for everybody else (the community), not for themselves as individuals or families. Did they live happily ever after in this socialist utopia?

Hardly. The “common property” approach killed off about half the settlers. Governor Bradford recorded in his diary that everybody was happy to claim their equal share of production, but production only shrank. Slackers showed up late for work in the fields, and the hard workers resented it. It’s called “human nature.”

The disincentives of the socialist scheme bred impoverishment and conflict until, facing starvation and extinction, Bradford altered the system. He divided common property into private plots, and the new owners could produce what they wanted and then keep or trade it freely.

Communal socialist failure was transformed into private property/capitalist success, something that’s happened so often historically it’s almost monotonous. The “people over profits” mentality produced fewer people until profit—earned as a result of one’s care for his own property and his desire for improvement—saved the people.

Video Explanation by John Stossel

Please play the video. It's an eye opener.

Siren Song of Socialism

Time and time again people, especially young voters, are lured by the call of "free" health care, education, housing, social services, etc.

In the UK, Jeremy Corbyn is promising a self-professed "radical" socialist platform. On that score, Corbyn is correct, his plan is radical.

To understand how radical, please see Jeremy Corbyn Goes for Broke With Last Desperate Act, US Democrats Take Note.

Corbyn has had nothing but praise for Venezuela and its socialist model, now in the ashes of hyperinflation.

Meanwhile, in the US, Elizabeth Warren is promising similar things. So does AOC with her New Green Deal that will cost close to $90 Trillion.

The problem is Progressive Lies Like "Free College" and "Medicare For All" Hide Cost of Debt

Be Thankful

So, please be thankful that Jeremy Corbyn, Elizabeth Warren, Bernie Sanders, etc., (socialists in general) are not running the UK and US.

Be fearful, that they might.

Mike "Mish" Shedlock

Comments (30)
No. 1-10
ksdude69
ksdude69

Problem is sooner or later one of these idiots is going to get into office there's just too many 'we want free stuff' morons here that it's inevitable. How far they get remains to be seen. Rough ride ahead i'm afraid.

Ken Kam
Ken Kam

"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money." - attributed to Alexis de Tocqueville

thimk
thimk

Apropos commentary, but on the other hand one must be cognizant of "how we got here in the first place"; ergo; the erosion of free markets and the destruction of a level playing field just to name a few. Godspeed everyone.

Greggg
Greggg

If Walmart announced a total inventory give-away on Black Friday, we could reduce the population by 25% by Saturday. It's easier to understand the Georgia Guidestones in those terms.

wootendw
wootendw

"Corbyn has had nothing but praise for Venezuela and its socialist model, now in the ashes of hyperinflation."

Good article, but socialism in Venezuela is not the business of the US foreign policy establishment and its ongoing coup in Venezuela deserves to fail as much of it is built on outright lies, e.g., Guaido has far less support among the people than Maduro. At least some of Venezuela's economic problems are due to sanctions. But regardless, the time to criticize Venezuela was BEFORE the coup started. For Americans to criticize Venezuela's socialism now is tantamount to supporting the US government's attempted coup, whether intended or not.

Moreover, every country has institutions of both socialism and capitalism. There's plenty of socialism in the US - public schools, medicare, medicaid, welfare, social security, the interstate highway system, Amtrak, etc.

As for Corbyn, his socialism, if enacted, would be bad for Britain, but Britain's involvement in the Syrian so-called 'civil war' (regime-change) is just plain evil as is that of the US government's. The UK government deserves to go bankrupt for that and Corbyn's just the man to get it done, although I expect warmonger BoJo to get the PM job where he'll continue sticking pins in Russia.

Tengen
Tengen

Always thought Stossel was a weak journalist. He loathes talking about the Fed and modern finance. He's an old guy who wishes he could go back to the Cold War when things were simple, the righteous American capitalists versus the deluded Soviet communists. I suppose bankers throw a wrench into his analysis, so best to avoid discussing them whenever possible.

While typing this, I looked through his YouTube channel (he's pretty active) for the past year and it appears he avoids discussion about the MIC as well as the Fed. I understand it's the easy way out, but how can anyone take him seriously when he refuses to mention the major issues we face today?

caradoc-again
caradoc-again

First foundation of a fair social order? Rule of law, irrespective of social status or politics. Still big crooks create chaos, manipulate, bribe and walk free.

Pass a law that any leader engaged in illegal wars or instigating damaging legislation/policies has to face the nations court system to give account in public and suffer consequences - even years after office.

The Turkeys wont vote for it, preferring to fo as they please with no payback

Even manifesto promises should be judged and those not adhered to (lies) or leading to damaging outcomes be judged and perpetrators sentenced. Even many years after the fact.

Mish
Mish

Editor

bbbb seems like the reincarnation of CountryBob Comment deleted and unfortunately the reply to it

snafuman's excellent reply:

I thought that it WAS about economics. Common property versus private property? Socialism versus capitalism? In a format that even a brainwashed, deplorable, cult member like myself could understand.

Silly me.

astroboy
astroboy

That's an interesting interpretation which for all I know is 100% accurate; it sounds reasonable.

But if I may say so, the bottom line is that 2/3rds of the Pilgrims died of that first winter from scurvy and other illness, but when spring came they didn't get on the Mayflower and go home, they had the balls to stay on and make a new world, and that next fall they thanked God for the chance to do that. I doubt any other nation on earth has an origin 'myth' half as heroic as that and it should be taught constantly in every American school and every main stream media outlet so we never forget it.

Realist
Realist

Happy Thanksgiving to Americans. It is good to give thanks.

It is also good to be able to look at the world realistically and to be able to think.

Regarding the Socialism vs Capitalism, Public Property vs Private Property discussion: There is no answer as to which is always better. One has to be a fool to believe that there is only one answer to every different problem or that a particular “system” is the only way to go, no matter what you are dealing with. One of the strengths of being human is our ability to change and adapt to differing situations. Those who can adapt, survive. Those who don’t adapt, face extinction.

I don’t believe any “system” is the best. They all have flaws. The trick is to use our human ingenuity to determine what works best to solve the problem at hand. If you believe that Socialism or Capitalism is the only answer to every problem, then you aren’t using your brain.

The next problem with religiously believing that any “system” is the only answer is that even if a “system” is generally good, it requires humans to implement it. No matter how good a system is, humans can corrupt it. Socialism and Capitalism as currently practiced in most countries have been corrupted by the humans in those systems. That in itself, proves that neither system is perfect, if they are so easily corrupted.

There are many on this blog who comment about how Socialism has ruined certain countries. They are correct, to a point. First, because Socialsim is not the answer to every problem a country has. And second, because Socialism has been corrupted by those in charge. However, to imply that Socialism is always bad, shows an inability to use one’s brain.

There are others who comment about how Capitalism is failing lower and middle class Americans. They are correct, to a point. Because Capitalism is not the answer to everything, and it has also been corrupted by those who can take advantage.

Again, one of man’s strengths, is his ability to devise different solutions to different problems. To assume that Socialism is always bad, or good, just shows an inability to think.