While reading through some history, I came across the
Jamestown settlement, you know, from 1607. Naturally, this is grade-school
history, but I found an interesting example of economics. Specifically, the
Common Store System, wherein land and food were public goods and everyone
received an equal supply from the common storehouse into which everyone
contributed. This was a nice idea, until the free-riders exploded, I found out.
Apparently, everyone got the same, regardless of contribution, so it became
that a few supported all; everyone almost starved , until the captain took
control, abolished that, and instituted private land as the primary means to eat.
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