An economics professor at Texas Tech said he had never failed a single student, but had once failed an entire class.

The class (students) insisted that socialism worked since 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 will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A."

After the first test the grades were averaged and everyone got a B. The students who had studied hard were upset while the students who had studied very little were happy.

But, as the second test rolled around, the students who had studied little studied even less and the ones who had studied hard decided that since they couldn't make an A, they also studied less. The second test average was a D.

No one was happy. When the 3rd test rolled around the average grade was an F.

The scores never increased as bickering, blame, name calling, all resulted in hard feelings and no one would study for anyone else.

To their great surprise all failed. The professor told them that socialism would ultimately fail because the harder people try to succeed the greater their reward (capitalism) but when a government takes all the reward away (socialism) no one will try or succeed.

Terry Miller

Miller Realty Associates

"Good Morning with Terry Miller"

 

3 Comments on They think, this will work?

APR
06
2009
842,598 Points 85 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Well said...I can't believe that Pelosi and her minion, Obama, think that this is a new novel idea that will work.  Both new ideas?  I think not, but why don't the learn from the past?
10:01am • #1
APR
07
2009
629,905 Points 18 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Terry,

This is a very interesting experiment and one that folks should sit up and take notice of.  Great example sir.
5:10am • #2
APR
10
2009
263,432 Points 8 Featured Posts Outside Blog

I love this example, all working for the whole... or not working as it turns out.  SOme of that is what helped the Soviet Union to fail. To think that educated smart people in our nation... our leaders are trying to impose this system of life on us is incredible.  When talking to friends and colleagues, I am shocked at those who think socialism is a viable way of life.  It seeks the common demoninatior, the failure of all.
9:03am • #3

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Terry Miller

Miller Homes Group

Tyler, TX

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