The Words for the Week deal with socialism

An economics professor at Texas Tech said he had never failed a single student before but had once failed an entire class. That class had insisted socialism worked and 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 xperimentfail 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 the benefit of anyone else. All failed.

To their great surprise, the professor told them 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.

THOUGHT TO REMEMBER: Nobody succeeds beyond his or her wildest expectations unless he or she begins with some wild expectations. — Ralph Charell

About wisdomfromafather

I'm just an ordinary guy walking along the journey of life.
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4 Responses to Socialism

  1. They should teach this to every college kid in America!! Now!!!

    Liked by 1 person

  2. Bruce says:

    There is no “perfect system”. Both capitalism and socialism have their evils. Personally, I have a strong belief in the work ethic.If you want something in life, then work for it and earn it. Don’t expect as handout, because someone who is working for a living is paying taxes and they are paying for your handout.

    On the other hand, Social Security might be considered a form of socialism. But people like myself are collecting Social Security, but I paid social security taxes during my working life, and now I’m eligible to collect Social Security retirement payments. This is called an entitlement for a reason. I’ve earned these SS retirement payments.

    I also receive free medical care from the VA, and disability compensation. I’m an 80% disabled veteran. When someone serves in the military, their veteran’s benefits are part of the package. These are earned benefits and not a handout.

    I see people who collect welfare and food stamps as leeches on society. These people have never done anything to earn these things. At least make these people work for what they receive.

    Liked by 1 person

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