Socialism in the classroom

A joke, taken from this political joke site

An economics professor at Texas Tech University, Lubbock, TX said he had never failed a single student before but had, once, failed an entire class. The majority of that class had insisted that 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 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, 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 as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else. All failed to their great surprise and the professor told them that socialism would ultimately fail because the harder to succeed the greater the reward but when a government takes all the reward away, no one will try or succeed.

“The problem with socialism is that you eventually run out of other peoples’ money” — Margaret Thatcher

9 thoughts on “Socialism in the classroom

  1. FIRST BOOK OF GOVERNMENT

    Kevin is the shepherd I did not want.
    He leadeth me beside the still factories.
    He restoreth my faith in the Liberal party.
    He guideth me in the path of unemployment for his party’s sake.
    Yea, though I walk through the valley of the bread line,
    I shall fear no hunger for his bailouts are with me.
    He has anointed my income with taxes,
    My expenses runneth over.
    Surely, poverty and hard living will follow me all the days of my life
    And I will live in a rented home forever.
    I am glad I am Australian,
    I am glad that I am free.
    But I wish I was a dog
    And Kevin was a tree

  2. It’s a brilliant example of how socialism works in practice, but it’s a lousy joke.

    If you want humour of a libertarian bent, try PJ O Rourke instead ‘There’s something about Marxism that brings out warts; the only kind of growth this economic system encourages.’

  3. Excellent article, thanks for sharing.

    You can’t make it more clear than that, can you?

    However, here we are … listening to people talking about more state regualtion, intervention, bailouts, taxes, etc, etc

    The problem is the state and what solution do they propose? MORE state !!!

  4. Thatcher got everything wrong.

    The problem with capitalism is that you always run out of other peoples money.

    Socialism means you always have your own – and no more.

  5. Here’s a great video titled “The Dubious Appeal of Socialism” (55min) from 1978 and presented by Edmund A. Opitz.

    At the start of the video there is a shot of illegible scribble on a blackboard. I think it reads:
    “The great bulk of people infinitely prefer the continuance of a problem which they cannot explain to an explanation they cannot understand.”
    – Lord Balfour

    http://fee.org/videos/35/

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