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Wednesday, May 30, 2012

To be Social or not is now a burning question?

A college economics professor did this experiment in his class.
The aim was to test if socialism works?
He set some tests and said all grades will be averaged and everyone will receive the same grade so no one will fail.
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.
The second saw the students who had studied little then studied even less and the ones who had studied hard decided they wanted a free ride too so they studied little. So the second average was a D.
No one was happy.
The 3rd test saw, the average was F. And as the tests proceeded and the scores got worse bickering, blame and name-calling resulted in hard feelings and no one would study for the benefit of anyone else.
It was concluded that when the system takes all the reward away, no one will try or want to succeed.
It could not be any simpler than that?
Conversely, it is said that Capitalism is flawed and equally doomed as it relies on a system that assumes the value of something today will always be more tomorrow.