Without capitalism, there would be no Thanksgiving.

Yeah, it's not what you think. The farming agreement was their contractual obligation to the trading company that shipped them to the colonies in the first place. They changed their farming structure after seven years simply because that's when the contract expired. That's it. It's not a cautionary tale against socialism as much as it's a cautionary tale against corporate mismanagement. If anything, the lesson is to regulate commerce more.

Incorrect. Think about it. Why would they change a system that worked? However, I'll let William Bradford describe why the pilgrims changed to what would eventually be called capitalism. "So they began to think how they might raise as much corn as they could, and obtain a better crop than they had done, that they might not still thus languish in misery. At length, after much debate of things, the Governor (with the advice of the chiefest amongst them) gave way that they should set corn every man for his own particular, and in that regard trust to themselves." Misery does adequately describe every instance where socialism has been tried. So, yes, the Plymouth Colony is a cautionary tale against socialism.

Mr Don't Know How Percentages Work, you're doing it again: you're ignoring things people are explaining to you. This is all documented history.

The Virginia Company ran this scheme to make a profit out of the colony for themselves. It wasn't successful in that it provided food for the colony and optimized exports on top of that, but it served the purpose to the company - it made a small but quick return for the investment of the colony. Fast cash flow is king. Even Adam Smith acknowledged that the objective of a corporation is usually at odds with the objectives of the labour class and even the objectives of local governors.

Why would they change a system that worked? Because IT DIDN'T WORK FOR THEM, and when they were freed from their contractual obligations, they changed to what they knew all along was a better system: one where corporate greed was out of the way.

Mr. Don't Know History But Pretends He Does, you're doing it again: you're ignoring things people are explaining to you. This is all documented history, which is why I actually posted documented history. Even more telling is that you don't know the difference between Virginia and Massachusetts. The London Company and the Merchant Adventurers funded the Mayflower. Do you need a lesson on William Bradford as well? BTW, if you're going to troll, you should give me that follow. It's the "compassionate" thing to do.

HAhahahahaha I don't think you deserve a follow, buddy.