Tuesday, July 14, 2009

Funny little story....

While I certainly wouldn't go so far as to say that Obama is a socialist (believe me, I've seen real socialism; I come from France), this is an amusing anecdote on the economics of socialism...

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.


  1. Yes, socialism comes from an obsession about how the world should be rather than from an understanding of how the world really works. The evidence is stacked against it, but the obsession continues.

  2. And to what extent do you agree with your anecdote?

  3. to the extent that it is very true :)