The Pilgrims and the free rider problem (11-27-2024--Hour2)

[00:00:04] What's going on? Thank you so much for listening to this podcast. It is heard live every day from noon to 3 on WBT Radio in Charlotte. And if you want exclusive content like invitations to events, the weekly live stream, my daily show prep with all the links, become a patron, go to thepetekalinershow.com. Make sure you hit the subscribe button, get every episode for free, right to your smartphone or tablet. And again, thank you so much for your support.

[00:00:28] Quick programming note, I will not be here tomorrow because it's Thanksgiving. And I will not be here Friday because it's Black Friday. No, I'm kidding. But I won't be here on Friday. But that's... Yeah, I'm off on the next two days.

[00:00:41] Now, I have been advised by Russ on the Twitter machine who says, if you are going to be out Thursday and Friday, is there any way for people to still get a dose of the program? Maybe some way to catch up on previous shows that they may have missed? This is a very good question, Russ. I'm glad you asked it.

[00:01:10] I have a podcast. It is this show. And if you go to thepetekalinershow.com, you can subscribe to the podcast and it's free. It's totally free. You know me, I'm a giver. And so it's free and you just click the subscribe button that's right there on the screen and then it comes right to your smartphone or tablet.

[00:01:32] You just pick whatever podcast platform you want to listen through. And it doesn't matter to me. If you have an iPhone, think obviously like the Apple podcast or what do they call it? iPodcast or something. I don't know. The Apple store. What do they call it? I don't have an Apple. iTunes. Does it come through iTunes? It might. Whatever.

[00:01:50] So if you've got an Apple phone, it's going to be native to your phone. So you just pick that one and it'll come right to your smartphone or your tablet every single day, three episodes a day.

[00:02:06] We cut out the commercials, too. I didn't say that. But so it so you can you can like listen to the podcast way quicker. Takes you less time out of your day.

[00:02:16] So this way you can listen while you're driving on, you know, over the river and through the woods to wherever you're going.

[00:02:22] So thank you for the question, Russ, who also says that he had forgotten the critical detail about the pilgrims loving wooden shoes and cheese.

[00:02:31] That little known fact that is a little known fact about the pilgrims.

[00:02:41] Mark says, Pete, I am thankful to you for renewing the tradition of Rush Thanksgiving.

[00:02:47] Yeah, I don't I have told the story when I first heard Limbaugh and I'm trying to remember the first time I heard it and I might have actually read it in one of his books.

[00:03:00] I I bought his book. I still remember my little apartment that I had down in Rock Hill and I had the way things ought to be.

[00:03:09] And see, I told you so. And I don't know if he told the story in one of those books.

[00:03:15] I don't remember, but he was the first person I had ever heard.

[00:03:21] That talked about what happened to the Mayflower Compact and.

[00:03:26] Why they ended up with plenty, because as Rush said, you know, annually we were taught.

[00:03:35] I was taught that the the story of the first Thanksgiving was, you know, a bunch of pilgrims arrive for no particular reason.

[00:03:45] And well, they were fleeing persecution. OK, so some bad people didn't like them.

[00:03:51] So they came to America to spread smallpox. That's what it. No, I'm kidding.

[00:03:55] But they they came to America and they they didn't know what they were doing.

[00:04:02] And, you know, almost all of them died. And thank goodness the indigenous people took pity upon them and save them.

[00:04:10] And then they were repaid for their their goodness by getting killed.

[00:04:16] By the pilgrims or something like that. They had this big feast.

[00:04:20] And then at some point, the pilgrims like gave them all diseases and went to war with them or something.

[00:04:26] Like that's that's in essence the story I was told.

[00:04:29] Whatever happened to the Mayflower Compact?

[00:04:31] And it was interesting. If you go to like the Mayflower Society website and you look up the Mayflower Compact or you go to Mayflower Compact dot org.

[00:04:44] You will find out all sorts of information about who was involved and when they got on the boat and how long it took and the terrible conditions and all that stuff.

[00:04:56] They never talk about how the Mayflower Compact ended.

[00:05:02] It's not on those sites. Here's the Mayflower Society.

[00:05:08] The document now referred to as the Mayflower Compact was written and signed by most of the male passengers on the Mayflower ship in November 1620 as they landed at Cape Cod.

[00:05:18] William Bradford recounts the event as a, quote, combination made by them before they came ashore.

[00:05:24] Being the first foundation of their government in this place.

[00:05:31] So keep in mind, the merchants who had funded this excursion, they said, OK, and this was like the equivalent of hundreds of thousands of dollars that they laid out for the pilgrims to make the journey to come across the ocean.

[00:05:46] They were fleeing for religious freedom, but the merchants that funded it, they didn't care about that.

[00:05:53] They were like, yeah, you want to go there? This is the deal.

[00:05:56] You need to give us a whole boatload of beaver pelts.

[00:06:02] Literally, they were like, you need to just like start massacring beavers and sending them back here so, you know, we can make hats, felt hats.

[00:06:16] And I guess I don't know if they were the big like pilgrim hats, if they were made from beaver skins or what, but that's what they wanted.

[00:06:23] So the pilgrims didn't know how to do that.

[00:06:26] They outsourced that job to the natives because they were like, yeah, they're good at this, which is comparative advantage.

[00:06:33] It's economics like the Indians, the Native Americans.

[00:06:37] They had comparative advantage.

[00:06:38] They knew how to trap the beavers.

[00:06:40] They knew how to get the skins.

[00:06:42] They knew all of that already.

[00:06:43] And they seemed happy doing it.

[00:06:45] They enjoyed the work.

[00:06:46] And so it's like, OK, well, stick to your knitting.

[00:06:49] Econ 101, comparative advantage.

[00:06:51] You have this advantage.

[00:06:52] You do that.

[00:06:54] We'll be over here, you know, burning holes in people's tongues for cursing.

[00:06:59] Stuff like that.

[00:07:00] You know, seeing witches and whatever.

[00:07:01] No, I'm kidding.

[00:07:02] But that came later.

[00:07:03] But the whole point is that like these economic truisms manifest themselves in the origin story of the country.

[00:07:13] We were never taught that they scrapped the Mayflower Compact because people weren't pulling their weight because of the free rider problem.

[00:07:21] In 1620, Virginia, quote unquote, Virginia, extended far beyond its current boundaries.

[00:07:31] And the Mayflower was originally meant to land at its northern parts, specifically the Hudson River.

[00:07:38] That's what they were apparently aiming for was somewhere around Jersey, which could you imagine how insufferable New Jerseyans would be if they were where the pilgrims started?

[00:07:51] So when the Mayflower attempted to sail around Cape Cod to reach the Hudson, contrary winds and dangerous shoals forced the ship to turn around and to anchor in the modern day Provincetown Harbor on November 11th, 1620.

[00:08:07] English colonies at the time required patents, documents that were granted by the king or some authorized company, which gave permission to settle at a particular place.

[00:08:20] And since the Mayflower passengers had gotten a patent for Virginia, but actually landed in New England, the patent that they had was no longer valid.

[00:08:35] Any sort of authority the group's leaders could have derived from this patent was therefore also suspect.

[00:08:42] And some passengers were threatening that when they came ashore, quote, they would use their own liberty for none had the power to command them.

[00:08:52] The patent they had being for Virginia and not for New England, which is proof that there were, in fact, apparently lawyers on the Mayflower.

[00:09:02] But they found the loophole.

[00:09:03] They were like, aha, you can't govern us.

[00:09:06] Now, keep in mind also, there was like 102 people on the boat and less than half of them were actually the separatists, these pilgrims.

[00:09:16] A whole bunch of others were, they called them, the pilgrims referred to them as strangers, which, like, if they outnumber you, wouldn't you be the stranger?

[00:09:28] But they were the ones that wrote the, you know, the records.

[00:09:32] And so I guess they get to name the characters.

[00:09:34] So they called them the strangers.

[00:09:37] And so these were sailors and these were people that were, like, just, you know, coming over, making some money.

[00:09:42] A lot of them went back.

[00:09:43] A bunch of these people went back on the boat.

[00:09:46] Can you imagine that, by the way?

[00:09:47] Like, you land and you come ashore in November in Massachusetts and you're like, yeah, this is the spot.

[00:09:57] Looks good.

[00:09:58] But also, you're, it's so cold and there's nothing there that for the first winter, like, they were going back and forth to the ship all the time.

[00:10:10] They were, like, rowing back and forth to shore because there wasn't anything on shore.

[00:10:14] So they had to, like, sleep on the boat, sail over in the morning, work all day, sail back, whatever, row boat back.

[00:10:21] But at some point, the Mayflower leaves.

[00:10:26] And imagine that, right?

[00:10:29] You've just been decimated by plague and starvation, cold temperatures.

[00:10:38] And your boat is now leaving to go back to the old world, to Europe.

[00:10:43] Like, last chance.

[00:10:44] There was a bunch of people that got on.

[00:10:46] But there were some of the strangers that stayed.

[00:10:49] And then had their holes burned into their tongues and stuff because they cursed.

[00:10:53] Well, they were sailors.

[00:10:54] I mean, where do you think that comes from?

[00:10:56] I'm kidding.

[00:10:57] I don't actually know that.

[00:10:57] I do think sailors cursed, though.

[00:10:59] That's what I've heard.

[00:11:00] For over a month now, I have been reminding you to preserve your precious photos and slides, films, and tapes with Creative Video based in Mint Hill.

[00:11:08] These family heirlooms hold priceless stories, moments from years past that are irreplaceable.

[00:11:13] If you've thought about saving these memories before they fade away, you are not alone.

[00:11:18] This is Creative Video's busiest season.

[00:11:21] And with the holidays fast approaching, there is no better time than right now.

[00:11:24] So you need to hurry.

[00:11:25] Imagine the perfect holiday gift.

[00:11:28] Memories from past family events captured forever.

[00:11:31] Creative Video's skilled team will professionally transfer your family's stories onto easy-to-use USB drives or DVDs that won't deteriorate over time like the old photos and tapes are doing right now.

[00:11:42] Picture it.

[00:11:44] Picture it.

[00:11:44] Sitting together after a holiday meal, watching these family favorites, sharing laughs, shedding a few tears, and telling the stories that make your family uniquely yours.

[00:11:53] Get your memories in now and beat the holiday rush.

[00:11:56] Visit createavideo.com to learn more.

[00:11:59] That's createavideo.com.

[00:12:02] Over at themayflowersociety.org, I wanted to know about the Mayflower Compact.

[00:12:08] So I went to their website to read about it.

[00:12:10] And I've read to you the first part of what they have written down about, you know, the problems that they were having with the people on board and the patent that they had for Virginia.

[00:12:20] But then, oops, they got blown off course.

[00:12:22] They ended up in Massachusetts, which is really the only reason anybody would ever really go to Massachusetts.

[00:12:27] I kid, Massachusetts.

[00:12:29] I kid.

[00:12:30] But they ended up in Massachusetts.

[00:12:31] And so some of the people on the boat were like, hey, that patent for Virginia doesn't apply because we're not in Virginia.

[00:12:38] So we're going to do whatever we want.

[00:12:39] We are not bound by the deal that you had to cut with the merchants back in London that paid for this trip.

[00:12:49] And there was communications that were going back and forth between the pilgrims and their emissaries, if you will, that they had sent to London from Holland.

[00:13:00] They had sent them over back to London to talk to the merchants to try to get the money to fund the expedition to the New World.

[00:13:08] And they were like, don't you be, you know, cutting any crappy deals for us here.

[00:13:14] And the guys that went, John Carver and Robert Cushman, they were like, no, no, no, no.

[00:13:21] We got it totally covered.

[00:13:22] We got you covered.

[00:13:24] And then, of course, they agreed to the crappy deal because they had no other way to make a deal.

[00:13:31] And so they cut the deal and then they come back and they're telling the pilgrims, hey, you may think this is a crappy deal.

[00:13:39] But if you look at the Bible, like it's totally right there.

[00:13:44] Like this structure that we have set up here, we could totally justify it.

[00:13:49] And a lot of the pilgrims weren't happy about it.

[00:13:51] So when they land in Cape Cod, now they're like, well, we're not in Virginia.

[00:14:00] So then you've got some rabble rousers.

[00:14:03] And they're like, we're going to just do whatever we want.

[00:14:06] We're not bound by the terms of this deal that you cut.

[00:14:09] And according to William Bradford, his account, as told in Murt's Relation, published in 1622,

[00:14:18] these mutinous speeches from some of the passengers led to the creation of the association and agreement

[00:14:25] to combine together in one body the thing that we now call the Mayflower Compact.

[00:14:31] Published in 1622, Murt's Relation details the beginnings of Plymouth.

[00:14:38] Continues on to say that under this agreement, the colonists would, quote,

[00:14:43] submit to such government and governors as we should by common consent agree to make and choose.

[00:14:50] Okay.

[00:14:50] So they're like, this is a government of those who consent.

[00:14:56] Once again, another pillar upon which this society was founded.

[00:15:03] That you have to have the consent of the governed.

[00:15:06] No king.

[00:15:07] Right?

[00:15:08] No heirs.

[00:15:10] Likewise, William Bradford writes that in lieu of their original patent,

[00:15:14] he said that the Mayflower Compact might be as firm as any patent.

[00:15:19] And in some respects, more sure.

[00:15:22] So he thought they had nailed this.

[00:15:24] Right?

[00:15:25] They were like, we got this Mayflower Compact.

[00:15:28] This is going to be the thing that governs us.

[00:15:30] It's going to be great.

[00:15:32] And then it wasn't.

[00:15:33] Because it did not take into account human nature.

[00:15:37] Now there is an argument that there was some sort of exploitative capitalism at play here.

[00:15:44] Not socialism.

[00:15:44] This wasn't a communal kind of a governing document or set up at Plymouth Plantation.

[00:15:50] No, no.

[00:15:51] No, no.

[00:15:52] This was exploitative capitalism.

[00:15:55] Because see, the merchants were demanding their cut.

[00:15:59] They wanted repayment.

[00:16:00] And so after seven years, they were going to take 50% of everything.

[00:16:05] That was part of the deal.

[00:16:07] And so they were like, oh, that's like indentured servitude.

[00:16:09] That's like slavery.

[00:16:10] And there was mutinous speeches about this.

[00:16:15] Slight problem.

[00:16:16] The real animosity that the pilgrims had was towards each other.

[00:16:20] Not towards the guys back in London.

[00:16:22] It was towards each other.

[00:16:24] Because they weren't all pulling their weight.

[00:16:26] All right.

[00:16:27] Hey, real quick.

[00:16:27] If you would like to get your product or service in front of about 10,000 people multiple times a day,

[00:16:33] send me an email at Pete at the Pete Calendar Show dot com and ask me about advertising.

[00:16:38] It's super affordable.

[00:16:40] It's baked into this podcast forever.

[00:16:42] And podcasts have a higher conversion rate than other social media platforms, making it the best bang for your buck.

[00:16:47] Send me a message.

[00:16:48] Pete at the Pete Calendar Show dot com.

[00:16:51] And I can show you how it works.

[00:16:52] Run the numbers with you.

[00:16:53] Again, that's Pete at the Pete Calendar Show dot com.

[00:16:56] Tom Bethel, who wrote a book called The Noblest Triumph, Property and Prosperity Through the Ages.

[00:17:05] Back in 1999.

[00:17:08] This was published at the Hoover Institute's website, Hoover dot org.

[00:17:14] And the headline, How Private Property Saved the Pilgrims.

[00:17:21] The original deal that the pilgrims had.

[00:17:24] So they knew about the early disasters that had occurred at Jamestown Colony.

[00:17:28] But the more adventurous among them were willing to hazard the Atlantic Ocean anyway.

[00:17:37] First, though, they needed money because they didn't have enough to make it there.

[00:17:42] So they sent two of their emissaries, John Carver, who, if I recall correctly, was the first, quote, governor.

[00:17:49] But then he died in the first year he was here.

[00:17:52] And Robert Cushman.

[00:17:54] So they go from Holland to London because all of the pilgrims had fled to Holland because they were being persecuted in England.

[00:18:03] So these two guys go back to London to try to get permission to found a plantation.

[00:18:11] And that was granted.

[00:18:12] But finding investors was the problem.

[00:18:15] Eventually, Carver and Cushman found an investment syndicate headed by a London ironmonger named Thomas Weston.

[00:18:25] Weston and his roughly 50 investors took a big risk in putting up the equivalent of hundreds of thousands of dollars in today's money.

[00:18:35] The big losses in Jamestown had scared off most of the, quote, venture capital in London.

[00:18:42] People didn't want to send their money over to the new world because everybody just died and they didn't get any of their money back.

[00:18:49] But those investors were trying to get a return.

[00:18:52] That's why they're like, give us all the beaver pelts you can get.

[00:18:55] Those waiting for news in Holland were concerned that their agents in London would, in their eagerness to find investors, agree to unfavorable terms.

[00:19:06] Carver and Cushman were admonished, quote, not to exceed the bounds of your commission.

[00:19:12] They were particularly enjoined not to, quote, entangle yourselves and us in any such unreasonable conditions as that the merchants should have the half of men's houses and lands at the dividend.

[00:19:28] In other words, we're not giving up half of our stuff to these guys.

[00:19:34] Eventually, Carver and Cushman did accept terms stipulating that at the end of seven years, actually, everything would be divided equally between the investors and the colonists.

[00:19:47] So some historians claim that those who came over on the Mayflower were exploited by the capitalists.

[00:19:57] And Bethel says, in a sense, maybe they were.

[00:20:00] But of course, they all came voluntarily.

[00:20:04] This was their best shot.

[00:20:05] The colonists hoped that the houses they built would be exempt from the division of wealth at the end of the seven years.

[00:20:13] Also, they sought two days a week in which to work on their own plots.

[00:20:19] Like a like a collective farmer would do later on.

[00:20:24] The pilgrims would thereby avoid servitude.

[00:20:27] But the investors said no, they did not allow these loopholes.

[00:20:33] Undoubtedly, they were worried that if the pilgrims owned their own houses and plots of land, the investors would find it difficult to collect their due.

[00:20:42] Because how could they be sure that these colonists so far away would spend their days working for the company if they were allowed to become private owners?

[00:20:51] So the merchants knew what was going to happen, right?

[00:20:55] They're like, man, if we they're not going to they're not going to do this stuff for us if they could do it for themselves.

[00:21:02] Rather than recognize that if they do for themselves, they will create so much they'll be able to send more back to trade it back and repay the debt.

[00:21:10] So they forced this arrangement.

[00:21:13] They thought rational colonists would work little on the company's time and reserve their best efforts for their own gardens and houses.

[00:21:25] Which, of course, they would.

[00:21:27] So they tried to stop that.

[00:21:28] Such private wealth would be exempt when the shareholders were paid off.

[00:21:31] Only by insisting that all accumulated wealth was to be common wealth.

[00:21:37] Sound familiar?

[00:21:38] Common wealth.

[00:21:39] Or placed in a common pool.

[00:21:42] Only then could the investors feel reassured that the colonists would be working to benefit everybody.

[00:21:48] Including themselves.

[00:21:50] Right?

[00:21:51] The venture capitalists.

[00:21:53] Including them.

[00:21:55] So the pilgrims that are waiting to hear back from their emissaries objected.

[00:22:01] They were like, whoa, we told you not to cut a crappy deal.

[00:22:06] And here you come to us with this crappy deal.

[00:22:09] So if they were not allowed to have private dwellings, the building of good and fair houses, as they called it, would be discouraged.

[00:22:17] Robert Cushman was caught in the crossfire between profit-seeking investors in London and his pilgrim brethren who were worried.

[00:22:27] And they accused him of making conditions fitter for thieves and bond slaves than honest men.

[00:22:35] And so this is when Cushman comes up with the case for common ownership.

[00:22:41] He says, quote,

[00:22:42] Our purpose is to build for the present such houses as, if need be, we may with little grief set a fire and run away by the light.

[00:22:51] Our riches shall not be in pomp, but in strength.

[00:22:55] If God sends us riches, we will employ them to provide more men, ships, munition, etc.

[00:23:04] He said this would foster communion among the pilgrims.

[00:23:09] He tried to persuade his pilgrim brethren not to worry about the arrangements.

[00:23:16] But the ones in Holland did not, they were not convinced.

[00:23:20] But there was little they could do.

[00:23:22] Because most of them had already sold all their property.

[00:23:25] Right?

[00:23:26] So they could bring it all with them and bring the money with them and pay for their passage and all of that.

[00:23:30] So they really didn't have any kind of bargaining power.

[00:23:32] So they took the deal.

[00:23:33] And Bethel says this is important to emphasize because a lot of people say that this was somehow done in emulation of, that they drew inspiration from the Bible and that's why they did it.

[00:23:47] But Bethel says that wasn't true.

[00:23:49] It is true that Cushman used arguments that were calculated to appeal to Christians in order to justify his acceptance of the unpopular terms.

[00:23:58] No doubt he felt that a bad deal was better than no deal.

[00:24:02] But the investors themselves had profit in mind when they insisted on common property.

[00:24:07] The pilgrims went along because they had little choice.

[00:24:11] So was this communism or exploitative capitalism?

[00:24:15] Bethel answers this question.

[00:24:17] Historian George Langdon argues that the condition of early Plymouth was not communism.

[00:24:23] No, no.

[00:24:24] It was an extreme form of exploitative capitalism.

[00:24:28] In which all the fruits of men's labor were shipped across the seas.

[00:24:33] In this argument, he echoes a guy by the name of Samuel Elliot Morrison, not the actor.

[00:24:39] Samuel Elliot Morrison, who claimed that it was not communism, but a very degrading and onerous slavery to the English capitalists that was somewhat softened.

[00:24:51] However, Bethel notes in his book.

[00:24:56] This does not agree with the dissension among the pilgrims that Bradford wrote about at the time.

[00:25:04] It was between the colonists themselves that the conflicts arose, not between the colonists and the investors back in London.

[00:25:14] Morrison and Langdon conflate two separate problems, he says.

[00:25:18] On the one hand, it is true that the colonists did feel that they were being exploited by the investors because they were eventually expected to surrender to them an undue portion of the wealth that they were trying to create.

[00:25:31] It is as though they felt that they were being taxed too highly for or by these investors.

[00:25:39] A 50% rate, in fact.

[00:25:41] Okay.

[00:25:42] And that's what they called it.

[00:25:43] They called it this tax.

[00:25:45] However, Bradford's comments that he wrote at the time make it very clear that the common ownership was what demoralized the community way more than the tax.

[00:25:58] It was not pilgrims laboring for investors that caused so much distress, but pilgrims laboring for other pilgrims.

[00:26:08] How do you deal with those who don't pull their weight?

[00:26:12] The pilgrims had encountered the free rider problem.

[00:26:19] So, they scrapped the compact.

[00:26:22] The land they worked was converted into private property, which brought very good success, quote unquote.

[00:26:28] The colonists immediately became responsible for their own actions and those of their immediate families.

[00:26:34] They were not now responsible for the actions of the whole community.

[00:26:37] Bradford also suggests in his history that more than land was privatized and the system became self-policing.

[00:26:45] Knowing that the fruits of his labor would benefit his own family and dependents, the head of each household was given an incentive to work harder.

[00:26:52] He could know that his additional efforts would help specific people who depended on him.

[00:26:56] In short, the division of property established a proportion or ratio between acts and consequences.

[00:27:07] Human action is deprived of rationality without this ratio.

[00:27:15] And work will decline sharply because of it.

[00:27:18] So, William Bradford also thought this was interesting.

[00:27:21] He died in 1657.

[00:27:24] And among his books at the inventory of his estate was Jean Baudin's Six Books of Commonweal.

[00:27:36] In this book, Baudin criticized Plato's Republic.

[00:27:42] In Plato's ideal realm, private property would be abolished or curtailed and most inhabitants reduced to slavery supervised by high-minded ascetic guardians.

[00:27:54] Baudin said that communal property was, quote, the mother of contention and discord.

[00:27:59] And that a commonwealth based on it would perish because nothing can be public where nothing is private.

[00:28:07] Think about that.

[00:28:09] Nothing can be public where nothing is private.

[00:28:13] Bradford had this book.

[00:28:15] He felt that in retrospect, his real-life experience of building a new society at Plymouth confirmed Baudin's judgment.

[00:28:22] Property in Plymouth became further privatized.

[00:28:26] The housing, later the cattle, they were all assigned out to separate families.

[00:28:31] And provision was made for the inheritance of wealth.

[00:28:36] The inheritance.

[00:28:38] The colony flourished.

[00:28:40] Plymouth Colony was absorbed into the Commonwealth of Massachusetts.

[00:28:44] And in the prosperous years that lay ahead, nothing more was ever heard about the, quote, common course and condition.

[00:28:52] A.K.A. the Mayflower Compact.

[00:28:57] And that is not taught.

[00:28:59] This stuff is not taught.

[00:29:01] I had never heard any of this in any of the years in K-12 education or in college.

[00:29:08] When the Pilgrims landed, they set up a system of communal property.

[00:29:13] Within three years, they had scrapped it and instituted private property instead.

[00:29:19] And prosperity followed.

[00:29:22] That's the lesson of Thanksgiving.

[00:29:25] Thanksgiving.

[00:29:25] And we are all its benefits.

[00:29:29] Beneficiaries.

[00:29:30] Dang it, I almost stuck the landing.

[00:29:32] All right, that'll do it for this episode.

[00:29:34] Thank you so much for listening.

[00:29:36] I could not do the show without your support and the support of the businesses that advertise on the podcast.

[00:29:41] So if you'd like, please support them too and tell them you heard it here.

[00:29:44] You can also become a patron at my Patreon page or go to thepcalendorshow.com.

[00:29:49] Again, thank you so much for listening.

[00:29:51] And don't break anything while I'm gone.