The first European settlers at Plymouth Colony experimented with a socialist economic model and it failed miserably – so miserably that the colonists nearly perished.
All land was to be held in common, and all production was to be divided equally. Trouble was there was very little produced, so there was little to divide. Near starvation was the result.
Realizing that model wasn’t working, the Pilgrims divided the land among the settlers, allowing each family to keep the fruits of its efforts. That strategy created so much prosperity that it begot the holiday of Thanksgiving to celebrate not only the prosperity but the means of actualizing it. Thanksgiving was created to honor the free market and private property.
Now there is a strong, vocal movement to return to an economic model that has already failed on this continent. Do we have to repeat the experience of those first settlers to relearn the lesson that socialistic economics just doesn’t work? Since we have modern-day Europe to drive that home, we shouldn’t have to emulate it in order to relearn something we well know.