21 July 2009

Socialism

Received the email "parable" below today. Interesting that I received it just after reading Chris Leithner's latest newsletter (yesterdays post) - synchronicity?

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 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."

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.

Could not be any simpler than that.

4 comments:

atc said...

Love it!

sang said...

agree

Keith said...

Great story. Of course to be truly representative of socialism, there would need to be thugs targeting the talented and applying the usual coercive techniques, thereby ensuring success.

Anonymous said...

What about the next test where the students all got together realizing they would all have to do their individual best to get a higher score. Now as a united team with the same goal and educating the not so smart amoungst them they got A's. Thus all benifited and selfishness was defeated for another day:)