A Failed Socialism Experiment

An illustrative story, worth passing on.

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 Obama’s 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 Obama’s plan”.

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 all the reward away, no one will try or want to succeed.

More.

  • Aswath Rao
    February 7, 2010 at 8:11 pm

    Neither you nor the original story nor the prof/students explain when Obama advocated equal distribution of income.
    Indeed the prof should get an F for suggesting that socialism advocates equal distribution of income.

  • Rich Tehrani
    February 8, 2010 at 9:18 am

    You are right that Obama has not advocated equal distribution of income but if you look at the current spending and budget, it seems the income has already been almost equally redistributed – it’s just that the taxes haven’t been increased yet to reflect reality.

  • xmlscott
    February 8, 2010 at 3:50 pm

    Neither you nor the original post have gone to the trouble of noting that there is no citation for this. It’s only interesting if it actually did happen. This ‘report’ is not up to the accepted standards for either journalism or economics.

  • Russell R
    May 10, 2010 at 9:02 am

    An idea is “only interesting if it actually did happen?” Well, then throw out ALL literature. None of it is interesting. Parables? No ideas there. Shakespeare, Aesop?
    And a story is only valid if it’s “up to the accepted standard for journalism or economics?” As if there are no other standards by which to judge it.
    How about COMMON SENSE? Why should 25 year olds be responsible when they can stay on their parent’s insurance for another year? Why should underwater homeowners pay their mortgage when they’re incentivized to walk away or habituated to the possibility of a government bailout? But no, Obama has not, ever, ever “advocated equal distribution of income.” No, it’s just his Vice President who said it’s our obligation to pay more taxes, and it’s Democratic senators who have explicitly stated, in support of Obamacare, that it levels the field and yes, redistributes income in this country. But OBAMA didn’t say that, so it can’t possibly be what he wants. Of course. It was just he who said that at some point, a person has made “enough money.” Isn’t it wonderful having a leader who might decide for the rest of us just how much that might be?
    Please, argue the ideas.

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