An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That 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, “OK, we will have an experiment in this class on socialist plan. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.” He substituted grades for dollars, as it was something closer to home and more readily understood by all students.
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 had studied little had studied even less, and the ones who had studied hard earlier decided that they too wanted a free ride – so they also studied quite little.
The second test average was a D. No one was happy.
When the 3rd test rolled around, the average was an F. Everyone was fuming from their ears.
As the tests proceeded, the scores never increased. But bickering, blame-games and name-calling started giving all hard feelings, and finally no one would study for the benefit of anyone else.
Not to their great surprise, all of them failed.
Then 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.
The following are 5 sentences applicable to this experiment:
- You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
- What one person receives without working for, another person must work for without receiving.
- The government cannot give to anybody anything that the government does not first take from somebody else.
- You cannot multiply wealth by dividing it!
- When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
No one exactly knows the origin of this story. It has been shared in many places all over the internet. As for the source of this, I found it here, written by Guyus Seralius.
Seralius describes socialism in these words: “Socialism is an economic and political system (based on group-interest and cooperation) in which all the means of production and distribution are collectively owned and operated by all members of a society, rather than completely divided up to be privately owned amongst individuals or a select few. In other words, instead of one person or a few receiving all the profits and having all the control, everyone gets their fair share for their labors and has some sway.”