We interupt our regular posts for this important lesson:
An economics professor at Texas Tech said he had never failed a single student before but, had once failed an entire class. The students in that class had insisted that socialism worked--that under socialism no one would be poor and no one would be rich--that socialsm is a great equalizer.
The professor then said, "OK, we will have an experiment in this class on socialism. All grades will be averaged and everyone will receive the same grade so that no one will fail and no one will 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'd studied little had studied even less and the ones who'd studied hard decided they wanted a free ride too, so they studied little. The average for the second test was a D.
No one was happy!
When the 3rd test rolled around the average was an F!
The scores never increased because 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 the students failed. The professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great. But, when the government takes all the honestly-earned rewards away, no one will want or try to succeed.
There could not be any simpler explanation of socialism versus capitalism than this!
OK, back to our regular post writing.