Fewer Workers, More Beneficiaries, Less Prosperity

By Bill Bonner – Re-Blogged from http://www.davidstockmanscontracorner.com

In politics and economics, most people believe what isn’t true: that the common folk select their leaders … and that these leaders are wiser than God.

We recall an early experiment. The pilgrims washed up in the wrong place … and then proceeded to almost exterminate themselves with clumsy central planning. Their system discouraged work and encouraged zombies. Wrote Plymouth County governor William Bradford:

 [The system of] taking away of property and bringing [it] into a commonwealth [caused] confusion and discontent [and] retarded much employment that would have been to benefit and comfort [of the settlers].

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