A friend sent this to me.
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 socialism worked and that no one would be poor and no one would be
rich, it would be a great equalizer. The professor then said, "OK,
we will have an experiment in this
class on socialism. 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. It could
not be any simpler than that.
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Coincidentally, I see the same phenomenon take place when companies give everyone the same pay increase rather than pay for performance. It always leads to mediocrity which is the death of any company or business.
