by Dan Mitchell | Nov 23, 2023 | Blogs, Free Market
Way back in 2009, I shared some data from Americans for Tax Reform about how taxes account for more than 40 percent of the cost of Thanksgiving. That’s bad news, but we’re lucky compared to the Pilgrims, who had a disastrous experiment with...
by Dan Mitchell | Nov 24, 2022 | Blogs, Economics, Socialism
I normally share this video from Reason every Thanksgiving. But this year I’m going to recycle instead a video from John Stossel. The moral of the story is that societies based on collectivism do not succeed. People don’t work...
by Dan Mitchell | Nov 25, 2021 | Blogs, Economics, Socialism
Over the years, I’ve shared three videos making the same point about how the first European settlers in America nearly starved because of socialism. Let’s recycle one of those videos today. To be sure, starving because of socialism didn’t...
by Dan Mitchell | Nov 26, 2020 | Blogs, Uncategorized
I’m going to break tradition. Normally, I use Thanksgiving as an opportunity to explain how the Pilgrims almost starved to death because they initially used a socialist system for farming, but then began to prosper once the colony shifted to a property rights-based...
by Dan Mitchell | Nov 28, 2019 | Blogs, Economics, Free Market, Socialism
By global standards, the United States is a bulwark of capitalism. Yes, government is too big and there’s far too much intervention, but we have enough private property and free enterprise to be ranked #5 for economic liberty. Which helps to explain why...
