John Stossel Explains The Importance Of Private Property
Article by For Liberty Staff.
Private property and the rights associated with the private property is extremely vital to any successful nation and economy.
In an article for Reason, John Stossel explains the “fallacy of the commons” and how it related to our very first settlers, the pilgrims.
When the settlers first arrived at Plymouth Rock, they were tasked with farming together and splitting up the harvest equally amongst the inhabitants. But it wasn’t until they decided to give a parcel of land to each individual that the community actually began to thrive.
So, as John Stossel states, “… this Thanksgiving feast, don’t forget to say “thanks, private property!”
Image Credit: Gage Skidmore [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons