An economics class was discussing alternative economic models and how they worked. Several members of the class insisted that socialism was the only fair economic model and that it worked because no one would be poor and no one would be rich, a great equalizer.
The professor 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.
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 the reward away, no one will try or want to succeed.
Could not be any simpler than that.
I like that one Steve. You've not copyrighted it have you?
ReplyDeleteI thought this was a very good story that explains the effects of radical socialism. Have you one for the effects of Capitalism?
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