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Economics 101 - Why socialist state does not work.

KnowNothing

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#1
After running into this I lurked and found out it was just a internet myth or whatever you want to call it. Regardless, I think this is great.

Thoughts?

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 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 will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).
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. As the tests proceeded, 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. To their great surprise, ALL FAILED 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. It could not be any simpler than that.
Remember, there IS a test coming up. The 2012 elections.

These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. 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.
 

Tinbox

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#2
that's a great way to explain it!
 

Libertaurum

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#3
After running into this I lurked and found out it was just a internet myth or whatever you want to call it. Regardless, I think this is great.

Thoughts?
That's a great story either way. But sadly, I think socialism is even worse, and more brutal. Here's why:

The true reward for the students who studied hard would be that they actually learned something. The smart ones would realize that, even if their grade got diluted, their knowledge didn't. For their part, those who didn't study would not receive that knowledge even if they got the grade.

In practice, socialism uses force to actually redistribute the reward and, in the process, destroys productive capacity. This would be like having the students that got the lowest grades hit the heads of the ones that got the higher grades with a hammer to "beat the smarts out of them" until everyone got the same grades.

:bash01:
 

hoarder

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#4
Colleges are nothing more than indoctrination centers. You don't go to college to learn how to think. you don't go to college to become wise. You go to college to get a piece of paper recognized by government and large corporations which indicates your worthyness as a useful idiot capable of participating in their schemes.
 

sebring

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#5
Probably is fake. But this should be a real class in schools to teach them how socialism doesnt work. All the public schools steal money from people to distribute it among themselves so I doubt they would want these children to know the failure of socialism.
 

Nickelless

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#6
Has anyone else read Mark Levin's new book "Ameritopia"? Excellent reading on why socialism and "equality" does nothing except equalize everyone's misery.
 

Rusty Shackelford

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#7
Has anyone else read Mark Levin's new book "Ameritopia"? Excellent reading on why socialism and "equality" does nothing except equalize everyone's misery.
I don't care how great it is, after all the crap I have heard him spew about Ron Paul, I would never read or associate anything in my life with Mark Levin.
 

mtnclimberjim

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#8
I don't care how great it is, after all the crap I have heard him spew about Ron Paul, I would never read or associate anything in my life with Mark Levin.
I hear ya. I tried doing that and found that if I only read or listen to someone I agree with 100%, I'm missing out on lots of good stuff. Levine, Beck and a few others can be a bit off from what I like or believe, but like I said I need to watch out dismissing them outright. It's really tough sometime though because I get so pissed. I look at it as if they spew 20% crap and 80% wisdom, I win. Hard though.:D
Another tough one for me sometimes is telling others that, for instance I like listening to GB, and then getting crucified for it. Oh well, buck up lad.
 

Rusty Shackelford

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#9
I get your point and understand it as it is very valid. The problem I have with these guys is that they don't practice that same view. They will sit there and agree with Paul on 75% of the issues but disagree with him on just a few, but that is enough to dismiss him while agreeing with Romeny/Newt on just a few and being opposed to them on the majority yet still promote these guys. It is hypocrisy IMO.
 

arminius

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#10
Colleges are nothing more than indoctrination centers. You don't go to college to learn how to think. you don't go to college to become wise. You go to college to get a piece of paper recognized by government and large corporations which indicates your worthyness as a useful idiot capable of participating in their schemes.
Exactly...

Grades are nothing more than chips that allow one to play the game, not 'knowledge' gained as Liberataurum aptly stated.

This is true of the great majority, but not all, of students...
 

KnowNothing

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#11
That's a great story either way. But sadly, I think socialism is even worse, and more brutal. Here's why:

The true reward for the students who studied hard would be that they actually learned something. The smart ones would realize that, even if their grade got diluted, their knowledge didn't. For their part, those who didn't study would not receive that knowledge even if they got the grade.

In practice, socialism uses force to actually redistribute the reward and, in the process, destroys productive capacity. This would be like having the students that got the lowest grades hit the heads of the ones that got the higher grades with a hammer to "beat the smarts out of them" until everyone got the same grades.

:bash01:
I agree. I guess fabianism would have been a better describer. Regardless, both ultimately ended up with the same result.