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Lessons From a Capitalist Thanksgiving With Jerry Bowyer
- Autor: Vários
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- Editor: Podcast
- Duración: 0:24:57
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Sinopsis
Jerry Bowyer is the president of Bowyer Research and our resident economist. You can read his insightful columns for World News Group at WNG.org. [1:03]WHAT WERE THE SELF-INFLICTED HARDSHIPS THE PURITANS FACED DUE TO THEIR ECONOMIC POLICIES?The Puritans at Plymouth Plantation implemented a communal property system as dictated by their charter.This economic policy was essentially a form of communism where no one owned their land, men worked the land collectively, and women cooked for everyone.The system led to a lack of motivation as people didn't want to work for others, causing excuses and a decrease in productivity, which resulted in starvation and hardship.[2:36]HOW DO WE KNOW THAT THE PURITANS’ ECONOMIC FAILURES WERE NOT JUST "REVISIONIST HISTORY"?The reality of the Puritans’ struggles was documented by primary sources, including writings from William Bradford, who acknowledged the mistake.The communal economic policy was influenced by the prevailing intellectual ideas from England, derived from Plato's