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Texas Tech Professor and Socialism in the Classroom!
Socialism in the classroom?
An economics professor at Texas Tech said he had never failed a single student before, but had once failed an entire class. That class had insisted that socialism worked--that it was a great equalizer. No one would be poor and no one would be rich.
The professor then said OK, we'll 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. But, 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. Despite the bickering, blaming, and hard feelings, no one would study for the benefit of anyone else. To their great surprise, they all failed. 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, few will try or want to succeed.
Submitted by Glenn O.
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