Quick Lesson In Social Economics
An economics professor at Texas Tech said he had never failed a
single student before but had, once, failed an entire class.
That class had insisted that socialism worked and that 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 would be averaged and everyone would receive the
same grade so no one would fail and no one would receive an A.
After the first test the grades were averaged and everyone got
a B. The students who studied hard were upset and the students
who studied little were happy. But, as the second test rolled
around, the students who studied little had studied even less
and the ones who studied hard decided they wanted a free ride
too; so they studied little.. The second test average was a D!
No one was happy. When the 3rd test rolled around the average
was an F.
The scores never increased as bickering, blame, name calling
all resulted in hard feelings and no one would study for the
benefit of anyone else. All failed, to their great surprise,
and the professor told them that socialism would also
ultimately fail because when the reward is great, the effort to
succeed is great; but when government takes all the reward
away, no one will try or want to succeed.
Could not be any simpler than that....
