Why Socialism Failed

An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class.

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 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 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 and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

All failed, to their great surprise, and 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 the reward away, no one will try or want to succeed.

Could not be any simpler than that.


What a profound short little paragraph that says it all :


"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. 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 my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."

Sent by Sir, Mr Lobo.

It shows why socialism failed.
But then why did capitalism fail in the USA and why did the American Government have to bail out the big banks.
Because of unrestricted greed.
If greed is allowed to be pampered in the name of freedom, you are going to have trouble.
Man by nature is greedy unless society or government puts some fetters on it.
The American government allowed wealth to be created by just printing currency notes without having the resources to back the wealth.
JUST AS WEALTH CANNOT BE MULTIPLED BY DIVIDING IT, IT CANNOT ALSO BE CREATED BY STINKING DERIVATIVES AND PRINTING NOTES

They are still doing it and they are asking the Indian government too to do it to boost the purchasing power of the people.
Unfortunately, our Indian government too has started doing it but to a limited extent.
Communism failed.
Socialism failed.
Capitalism failed.
So where do we go from here.
Back to basics.
WORK HARD AND LIVE HONESTLY WITHIN YOUR MEANS
.