With bailouts and other unabashed socialist projects being embraced by both political parties to "save our economy," has free-market economics been proved faulty?

When next you sing the Hymn of Harvest Home, think kindly of our Pilgrim Fathers, for they were not "communists with a small c" nor any other kind of communists, Some conservative editors and commentators in recent years have given the impression that the Pilgrims were starry-eyed idealists intent upon founding a socialist utopia in the wilderness. One such editor, zealous to refute socialism, has written: "Socialism is not a new experiment in the United States. Neither is Communism. The Socialist community was tried by the Pilgrims in New England over three hundred years ago. The dream of the Pilgrims didn't work and the Mayflower Compact was a total failure."