This Man’s a Genius

Posted: February 17, 2010 in Politics
Tags: , , , , , ,

As the late Adrian Rogers said, “You cannot multiply wealth by dividing it.”

Some of you may have seen this, already. It was emailed to me a couple weeks ago, and I finally decided to include it here. Honestly, I don’t know if it’s a true story, but it illustrates the point beautifully:

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.

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Comments
  1. Jay says:

    I’ve seen this circulating around before and, to be honest, I couldn’t care less about it’s authenticity. It is one of the best analogies to explain the effects of socialism that I have ever come across. It’s pure genius and so truthful to reality.

  2. wken says:

    It’s also a complete straw man.

    Even the most socialist of states doesn’t purport to make everyone equal. This is abundantly clear if you take a look at the actual operation of at least one Socialist nation — the UK has plenty of rich people despite a socialized system, to grab an example. Even in the old USSR, there was no pretense of perfect equality. It might have been a stated goal at the time of the Revolution, but there was no question that the Politburo lived better than the common folk.

    It wonderfully illustrates the fallacy of a point that no one is making.

    • sirrahc says:

      First, while the UK has certain socialized elements (e.g., healthcare system, aerospace industry), it’s debatable whether it is truly a socialist state. It is a constitutional monarchy w/ a still largely market-driven economy. Perhaps it qualifies as a “mixed economy”?

      No one’s saying it’s a perfect analogy, Ken, but I don’t think you can write it off as a straw man. Integral to socialism is the concept of economic egalitarianism. When married to a market economy of some sort, there’s going to have to be redistribution of wealth. Of course, the other half of the equation is the labor aspect. When people have no incentive to compete or excel, they… don’t. That is, unless you introduce other means of incentive, like threats and intimidation by (government) taskmasters. Unfortunately, in practice there are indeed a “special” few — the high-level administrators who abuse their positions for wealth and privilege. But, the goal behind the idea still seems to be to even things out as much as possible.

      The story merely serves to illustrate what happens when the socialist idea is carried out to its logical end. Remove the profit motive and production will naturally decline. It makes sense in theory and history bears it out.

    • Jay says:

      More like a point you’re not making. Speak for your self and your opinions. I’ll subscribe to my own.

      But thanks! Apreciate it. :)

  3. Elric66 says:

    The USSR and UK are failed states as well.

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