Do you remember the story about colonial Americans experimenting with socialism? Probably not. It’s a tale that rarely finds its way into the textbooks of high school and college students. Indeed, I had been out of school nearly 20 years when I first heard about it.
If your not familiar with this part of American history, this short video by Larry Schweikart will fill you in on explains what happened when the early settlers who arrived at Plymouth and Jamestown in the early 1600s experimented with socialist communes. (Spoiler alert: It didn’t work out.)
In Becoming Europe, Samuel Gregg examines economic culture - the values and institutions that inform our economic priorities - to explain how European economic life has drifted in the direction of what Alexis de Tocqueville called "soft despotism", and the ways in which similar trends are manifesting themselves in the United States.