The Pilgrims' cautionary tale
Kate Zernike, writing for the New York Times, finds fault with Tea Partiers for their "interpretation" of the Pilgrims' early ecomonic experiment in socialism. The Pilgrims were required by the terms of their agreement with the London Company, which financed the colony, to hold all things in common. As you can imagine this created all kinds of disincentives to work. Eventually, William Bradford, the governor of Plymouth Colony, decided to parcel out the land for each family to farm, with each family benefitting according to the labor they put into it. The result was a stunning increase in production. (Should we be surprised?) This little experiment in collectivist policy has served as a cautionary tale for years among conservative and libertarian thinkers. Ms. Zernike, however, objects. She refers to it as "one common telling" of the story of the Pilgrims. Perhaps it's a common telling of the story because this is the story that no less ...