An economist's hypothesis: 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.
An economics professor proposed above mentioned hypothesis in his class but his students didn't agree to it. However a few months later, the professor made a statement that he had never failed a single student before, but had recently failed an entire class. Here it is how:
When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one was motivated to study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward (and risk) is great, the effort to succeed is great, but when government takes all the reward away, no one will work really hard to succeed.
Could not be any simpler than that.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
An economics professor proposed above mentioned hypothesis in his class but his students didn't agree to it. However a few months later, the professor made a statement that he had never failed a single student before, but had recently failed an entire class. Here it is how:
His class was insisting that Socialism for a country would work well since no one would be poor and no one would be rich, thus providing a great equalizer. The professor then said, "OK, we will have an experiment in this class on the Socialist plan".... All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars/money - something closer to students and more readily understood by all).
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 likewise studied little.
The second test average was a D! No one was happy.
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 likewise studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one was motivated to study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward (and risk) is great, the effort to succeed is great, but when government takes all the reward away, no one will work really hard to succeed.
Could not be any simpler than that.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
So the proposed hypothesis was proved correct!
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