Wednesday, April 8, 2009

A lesson on Capitalism

A very good example of where we may be headed!

An economics professor at Texas A&M said he had never failed a single student before but had once failed an entire class. The 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 okay, 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. But, 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 third 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 anyone else. All failed, to their great surprise. And the professor told them that socialism would ultimately fail too because those who try harder to succeed, reap the greater reward, but when a government takes all the reward away, no one will try or succeed.

1 comment:

Stori said...

You didn't change it! LOL! You should have, most of your friends who read this went probably went to Tech, so they would appreciate it more the other way :).


Related Posts Plugin for WordPress, Blogger...