As we gather this Thanksgiving, it’s easy to take abundance for granted.
Leftovers are practically guaranteed.
It wasn’t always this way.
For most of history, there were no Thanksgiving feasts. Hunger, if not starvation, was the norm.
Today, supermarkets are stocked with exotic foods from all over the world. Most of it is more affordable than ever. Even after President Joe Biden’s 8% inflation, Americans spend less than 12% of our income on food, half of what they spent 100 years ago.
Why?
Because free markets happened. Capitalism happened.
When there is rule of law and private property, and people feel secure that no thief or government will take their property, farmers find new ways to grow more on less land. Greedy entrepreneurs lower costs and deliver goods faster. Consumers have better options.
Yet today many Americans trash capitalism, demanding…
