Socialism’s Achilles Heel: The Incentive Problem

Kolchos

Obama’s Vision Will Destroy America

by Ralph M. Petersen

via http://notallowed2laff.blogspot.com/2011/05/obamas-vision-will-destroy-america.html

SOCIALISM DOESN’T WORK!

It has failed everywhere it has been tried.

I don’t know if the following story is true. If it is, I do not know this professor’s name so I cannot credit him for this story. Nevertheless, it is too good to ignore. Here is an easy to understand illustration of THE LUNACY OF SOCIALISTIC DOGMA.

A college professor of economics declared that he had never failed a single student in his career. However, he once failed an entire class.

Collectively, the class of young minds full of mush had insisted that Obama’s socialistic ideas would work. No one would be poor and no one would be rich. Socialism is a great equalizer.

The professor decided to allow them to test their theory with a class experiment.

For the duration of their course, all of their test grades would be averaged and everyone would then receive the same grade. Under that system, no no one should fail and no one should receive an A.

After the first test, the scores were averaged and everyone received a B.

The few students who studied hard were rightfully upset; it didn’t seem fair. The students who studied very little were happy.

As the second test rolled around, the students who studied little had studied even less and the ones who had previously studied hard, decided to exert much less effort and enjoy the free ride.

The second test average was a D! No one was happy with that.

After the third test scores were averged, everyone in the class received an F.

The scores never increased. Bickering, blame, and name-calling all resulted in angry hard feelings among the previously congenial classmates. No one would study for the benefit of anyone else.

The result of their experiment was, everyone failed.

And that is why socialism, ultimately, always fails. 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 cannot be explained any simpler than that.

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One thought on “Socialism’s Achilles Heel: The Incentive Problem

  1. Pingback: To Each According To His Need… | Christian in Canada

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