An interesting lesson by an economics professor into capitalism vs. socialism.

An economics professor at a local college made a comment that he had never failed a single student before, but had recently 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 based on Obama’s plan.” All grades would be averaged and everyone would receive the same grade, so no one would fail, but 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, but 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 had 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 third test rolled around, the average was an ‘F’, and the scores never did increase as bickering, blame and name-calling all resulted in hard feelings, and no-one would study for the benefit of the others.

All students failed the course — to their great surprise! The professor had told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes away all the reward, no-one will try, or even want to succeed.

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