Sunday, December 4, 2011
socialism
A local economics professor persistently taught that socialism could never work. The class insisted that socialism worked, and no one would be poor, and no one would be rich--a great equalizer. The professor and class agreed to an experiment on socialism. "All grades will be averaged and everyone will receive the same grad. After the first test, the grades were averaged, and everyone got a B. The students that studied hard were upset, and the students who studied little were happy. At the second test, the students who studied little had studied even less, and the ones who studied hard studied less. The test averaged a D. No one was happy. The average of the third test was an F, as was the score of all subsequent tests. Bickering, blame and name-calling all resulted in hard feelings, and no one would study for the benefit of anyone else. To the students' surprise, everyone failed the class. The professor's point was made: When reward is great, the effort to succeed is great. When government takes away the rewards, incentive to succeed is taken away.
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