Skip to content

A Lesson In Socialism

July 19, 2012

This is something I shared a while back on facebook, to my knowledge it is not a true story, but illustrates what socialism is truly about. I would give credit to the author but i am not sure who it is, if i can verify it I will update the post with their name, because everyone deserves credit for what they do.

An economics professor said he had never failed a single student, but had once failed an entire class.

The class (students) insisted that socialism worked since no one would be poor and no one would be rich, a great equalizer. The professor then said, “OK, we will have an experiment in this class on socialism.”

“All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A,” said the professor.

After the first test the grades were averaged and everyone got a B. The students who had studied hard were upset while the students who had studied very little were happy.

But, as the second test rolled around, the students who had studied little studied even less and the ones who had studied hard decided that since they couldn’t make an A, they also studied less. The second Test average was a D.

No one was happy. When the 3rd test rolled around the average grade was an F.

The scores never increased as bickering, blame, name calling, all resulted in hard feelings and no one would study for anyone else.

To their great surprise they all failed.

The professor told them that socialism, too, would ultimately fail because of the same basic human principles of incentive.

The harder people try to succeed the greater their reward (capitalism), but when a government takes all the reward away (socialism) no one will try or succeed.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: