In a large pot or Dutch oven, cook the bacon over medium heat until crispy. Remove the bacon and set aside, reserving the bacon grease in the pot.
Add the onion to the pot and cook in the bacon grease until softened, about 5 minutes.
Pour in the chicken broth, add the cabbage, potatoes, and thyme. Bring to a boil, then reduce heat and simmer for 30 minutes, or until the potatoes are tender.
Stir in the cooked bacon. Season with salt and pepper to taste.
Serve hot and enjoy!
Notes
For a creamier soup, add a splash of heavy cream or sour cream before serving.