On this day:
1792
French Revolution: King Louis XVI of France is put on trial for treason by the National Convention.
1927
Guangzhou Uprising: Communist militia and worker Red Guards launch an uprising in the Chinese city of Guangzhou, taking over most of the city and announcing the formation of a Guangzhou Soviet.
1936
Abdication Crisis: Edward VIII’s abdication as King of the United Kingdom of Great Britain and Northern Ireland, the British Dominions beyond the Seas, and Emperor of India becomes effective.
1941
World War II: Germany and Italy declare war on the United States, following the Americans’ declaration of war on Japan in the wake of the attack on Pearl Harbor. The United States, in turn, declares war on Germany and Italy.
1948
The United Nations passes General Assembly Resolution 194, which established and defined the role of the United Nations Conciliation Commission as an organization to facilitate peace in the British Mandate for Palestine.
1964
Che Guevara speaks at the United Nations General Assembly in New York City.
1972
Apollo 17 becomes the sixth and last Apollo mission to land on the Moon.
2008
Bernard Madoff is arrested and charged with securities fraud in a $50 billion Ponzi scheme.
***
Q: What did you learn about college football this year?
A: I learned the difference between a team and a gang.
***
So, are we attacking the boats from Venezuela because they are intruding on our turf?
***
In the same vein, what is the world's reaction to the American attack on Iran? Is the world allowing Trump leeway because he is doing things they would never have the strength to do, but they believe the world needs? In essence, is Trump their sin-eater?
***
Plymouth Plantation
In 1620 Plymouth Plantation was founded with a system of communal property rights. Food and supplies were held in common and then distributed based on equality and need as determined by Plantation officials. People received the same rations whether or not they contributed to producing the food, and residents were forbidden from producing their own food. Governor William Bradford, in his 1647 history, Of Plymouth Plantation, wrote that this system was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort. The problem was that young men, that were most able and fit for labour, did repine that they should spend their time and strength to work for other men’s wives and children without any recompense. Because of the poor incentives, little food was produced.
Faced with potential starvation in the spring of 1623, the colony decided to implement a new economic system. Every family was assigned a private parcel of land. They could then keep all they grew for themselves, but now they alone were responsible for feeding themselves. While not a complete private property system, the move away from communal ownership had dramatic results.
This change, Bradford wrote, had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been. Giving people economic incentives changed their behavior. Once the new system of property rights was in place, the women now went willingly into the field, and took their little ones with them to set corn; which before would allege weakness and inability.
Once the Pilgrims in the Plymouth Plantation abandoned their communal economic system and adopted one with greater individual property rights, they never again faced the starvation and food shortages of the first three years. It was only after allowing greater property rights that they could feast without worrying that famine was just around the corner.--Benjamin Powell, “The Pilgrims’ Real Thanksgiving Lesson,” Independent Institute, November 25, 2008.
So incentives matter. This proposition, which seems so reasonable, nonetheless must constantly struggle with the irrational. Incredibly bad ideas always get an open hearing. Defund the police, open borders, 1619, modern monetary theory, and critical racial theory are all presented on an equal footing with sensible, reasonable concepts. So the prima facie is invalid.
In such an atmosphere, vigilance--which seems to be an over-response--is essential.
In 1620 Plymouth Plantation was founded with a system of communal property rights. Food and supplies were held in common and then distributed based on equality and need as determined by Plantation officials. People received the same rations whether or not they contributed to producing the food, and residents were forbidden from producing their own food. Governor William Bradford, in his 1647 history, Of Plymouth Plantation, wrote that this system was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort. The problem was that young men, that were most able and fit for labour, did repine that they should spend their time and strength to work for other men’s wives and children without any recompense. Because of the poor incentives, little food was produced.
Faced with potential starvation in the spring of 1623, the colony decided to implement a new economic system. Every family was assigned a private parcel of land. They could then keep all they grew for themselves, but now they alone were responsible for feeding themselves. While not a complete private property system, the move away from communal ownership had dramatic results.
This change, Bradford wrote, had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been. Giving people economic incentives changed their behavior. Once the new system of property rights was in place, the women now went willingly into the field, and took their little ones with them to set corn; which before would allege weakness and inability.
Once the Pilgrims in the Plymouth Plantation abandoned their communal economic system and adopted one with greater individual property rights, they never again faced the starvation and food shortages of the first three years. It was only after allowing greater property rights that they could feast without worrying that famine was just around the corner.--Benjamin Powell, “The Pilgrims’ Real Thanksgiving Lesson,” Independent Institute, November 25, 2008.
So incentives matter. This proposition, which seems so reasonable, nonetheless must constantly struggle with the irrational. Incredibly bad ideas always get an open hearing. Defund the police, open borders, 1619, modern monetary theory, and critical racial theory are all presented on an equal footing with sensible, reasonable concepts. So the prima facie is invalid.
In such an atmosphere, vigilance--which seems to be an over-response--is essential.