Via The Daily Bell
When settlers first arrived at Plymouth, their first attempts to survive were disastrous.
It sounded like a good idea. They all shared and worked for the common good. They followed the tenet, “from each according to his ability, to each according to his need,” over 150 years before Marx coined the phrase.
Everyone was expected to work in the fields planting and harvesting, and everyone got to share the final product.
Authored by Richard Ebeling via The Mises Institute,
This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
Automobile enthusiasts around the world know brands like Studebaker, Plymouth and Packard, but you’d be hard-pressed to find any of these on the roads today. Former powerhouses in the American auto market, as Visual Capitalists's Chris Matei notes, they have since become beloved by collectors, but lost to the general public.
Today’s infographic comes from TitleMax and it looks at 14 now-defunct car brands and the circumstances that took them from highways to bygones.
Courtesy of: Visual Capitalist
Submitted by Richard J.Maybury via The Mises Institute,
Each year at this time, schoolchildren all over America are taught the official Thanksgiving story, and newspapers, radio, TV, and magazines devote vast amounts of time and space to it. It is all very colorful and fascinating.
It is also very deceiving. This official story is nothing like what really happened. It is a fairy tale, a whitewashed and sanitized collection of half-truths which divert attention away from Thanksgiving's real meaning.