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Yes. That's true to some extent but in those societies everyone had "skin in the game" so to speak. Without that there is little incentive to innovate other than one's own intrinsic motivation. This isn't a new notion. See summary here
I realize that technically what Governor Bradford described in the 1600's was closer to socialism than communism but the result is often the same. Ownership, and the potential benefit arising from it, is a huge motivating factor for many people.
I realize that technically what Governor Bradford described in the 1600's was closer to socialism than communism but the result is often the same. Ownership, and the potential benefit arising from it, is a huge motivating factor for many people.