Home Cathartic Blog Economics 101
    follow me on Twitter
    Economics 101
    User Rating: / 0
    PoorBest 
    Cathartic Blog - Cathartic Blog
    Written by Cerebral Debris   
    Monday, 27 April 2009 20:10

    A great e-mail I received today:

    Economics 101


    An economics professor said he had never failed a single student
    before but had, once, 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 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 3rd test rolled around the average
    was an F.

    The scores never increased as bickering, blame, 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.

    Could not be any simpler than that....


    Nope, that's about as simple as it gets, except for the synaptically deficient liberals out there.
    Trackback(0)
    Comments (0)Add Comment

    Write comment

    security code
    Write the displayed characters


    busy
    Last Updated on Sunday, 29 January 2012 22:04