The Baystate Objectivist

The Baystate Objectivist

Thursday, January 24, 2013


This cold is ridiculous.

But it's no laughing matter for the street people.

But nothing fazes UMass, where the students are busy recruiting for their groups, such as the UMass Democrat Club.

And the UMass Republicans.

Someone sent me this claiming it happened at "a local college" but doesn't say which college or the name of the professor. Still, the point is well taken, wherever it comes from.

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialist economic policies were superior because under socialism 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 in socialism." All grades will be averaged and everyone will receive the same grade. No one will fail but no one will receive an A.

After the first test, the grades were averaged and everyone got a B. The A students who studied hard were upset because their grade was lowered to a B and the students who got C's, D's and F's were happy because their grades were raised. 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 less.

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

To their great surprise, ALL FAILED and the professor explained to them that socialism would always ultimately fail because when the reward is great, the effort to succeed is great, but when the government takes the reward away through taxation, no one will try or want to succeed.

This is one of the best later Stones songs.

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