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Title: How Socialism Works!
Source: e-mail
URL Source: http://none
Published: Mar 2, 2010
Author: unklnown
Post Date: 2010-03-02 22:57:13 by F.A. Hayek Fan
Keywords: None
Views: 77
Comments: 2

An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class. That class had insisted that Obama's 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 Obama's plan". 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. 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 and 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.

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#1. To: F.A. Hayek Fan (#0)

A good story illustrating socialism - thanks.

bump

your_neighbor  posted on  2010-03-02   23:32:11 ET  Reply   Trace   Private Reply  


#2. To: F.A. Hayek Fan (#0)

Sounds too much like an Urban Legend. Also sounds like whatever the prof was teaching was regarded of little or no value, or he failed to explain the value of it as a tool for success in life. With superb organization and motivation Hitler's socialism was an enormous success in bringing Germany out of the last Depression.

When there is a critical shortage of some food or other essential commodity the government imposes rationing which is a form of socialism and no one will quarrel with it. Any ism can work if the administrators have the smarts to use it.

Tatarewicz  posted on  2010-03-02   23:45:35 ET  Reply   Trace   Private Reply  


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