In the video that follows, history professor Larry Schweikart of the University of Dayton gives a crash course in capitalism — and a much-needed one given the popularity of socialism among many young Americans today.
It may interest you to know that early American colonists tried setting up a socialist commune, but threw out the idea when, reduced to a diet of shoelaces and rats (literally!), half of them died of starvation? The colonists replaced their socialist dystopia with a system of private property and merit-based reward. They prospered, had an abundance of food, and celebrated with a feast we now know as Thanksgiving.
These and other fascinating facts will give you a new appreciation for the free-enterprise system that has made America the envy of the world.
