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Economics Professor

July 10, 2009

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.

Could  it be any  simpler than that?

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2 comments

  1. Our government does not give rewards to anyone, socialist governments do. so the logic of this professor is reversed. his model is more accurate is more accurate of freemarket logic. the others do not put work into the system so why should I. A true socialist/communist would say if you do not produce good results equally I will make you stay in class all night until is done, they would not have the freedom to leave.


    • in example, Chairman Mao had quotas for food production. when they were not met he took away their personal reserves. the same went when he need metal to produce machinery for warfare. when the chinese population could not produce enough metal, he made them melt down all there cooking utensils. this is how the teacher normally ran the class if you are bad student I will make your life harder. if you produce I will leave you alone. A grade is not reward. it is a mark of achievement. the school system is essentially a socialist system to begin with, as in Bush’s No Child Left behind act, you don’t move forward until everyone is a basic level. The experiment of the professor would show what would happen if it were ran the NYSE. The health of the system being judged on the average, rather than the specific sector, when its up people feel good, down inversely bad and so on.



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