The Fall of Communism in Massachusetts – Murray N. Rothbard – Mises Daily

The Fall of Communism in Massachusetts – Murray N. Rothbard – Mises Daily. April 12,2012. From “Conceived in Liberty (1975)

“The Pilgrims formed a partnership in a joint-stock company with a group of London merchants, including Thomas Weston, an ironmonger, and John Peirce, a cloth maker. The company, John Peirce and Associates, received in 1620 a grant from the Virginia Company for a particular plantation in Virginia territory. In this alliance, each adult settler was granted a share in the joint-stock company, and each investment of ten pounds also received a share. At the end of seven years, the accumulated earnings were to be divided among the shareholders. Until that division, as in the original Virginia settlement, the company decreed a communistic system of production, with each settler contributing his all to the common store and each drawing his needs from it — again, a system of from each according to his ability, to each according to his needs.”

Please go to Mises and read the entire article…this is the second time I have heard this, and its something that is left conspicuously OUT of textbooks so that the connection to modern day radicals are not made in the minds of our young people…

 

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About Chef Kadie Hicks

My hubster & I have been married for almost 35 yrs (seems like yesterday). We are empty-nesters with 2 handsome sons & 2 beautiful daughters-in-law. We also have a large adopted family that are very special to us! I am a not-so-perfect Christian-in-the-making, a wife, a mother, professional Chef, writer & paralegal. I went to college at 50 and graduated with my Bachelors degree 4 years later. We moved to S.C. 7 years ago and love our new home and the Southern culture and our friends and family. I love chocolate, cheesecake and putting a smile on folks & family's faces by creating special meals and sweet treats for them. My passion is to find the best darn chocolate and eat it all! Life cannot & should not exist without great chocolate! Life is short eat dessert first! Till next time ya'll!
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