Some thoughts about the way socialism destroys the motivation of both producers and non-producers. “Simply stated, redistribution from Peter to Paul undermines the incentive of either to produce. And the greater the level of plunder, as we see from extreme examples such as Venezuela and North Korea, the greater the damage.”
The adverse consequences of 17th-century collectivism are examined in this video from Reason, which I try to share every Thanksgiving.
By the way, the Pilgrims weren’t the only early Americans to make the mistake of collectivist economics.
An article from the Mises Institute discusses a similar failed experiment in Jamestown.
Read to the end for some jokes, including 20 caricatures of libertarians. One of the differences between conservatives and we classical liberals is that we do humour better than they do. And way better than the left.