00:00Now, this lesson right here needs to be taught in every single school across all of America, because there are
00:08some folks out there who are quite delusional about this socialism thing. Check it out.
00:14Scary story. An economics professor at a local college made a statement that she had never failed a single student
00:22before, but had recently failed an entire class. The class had insisted that socialism worked, that no one would be
00:29poor and no one would be rich. A great equaliser.
00:33The professor then said, OK, we will have an experiment in this class. All grades will be averaged and everyone
00:40will receive the same grade. No one will fail, but no one will receive an A either.
00:46After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset
00:52and the students who studied little were happy.
00:56As the second test rolled round, the students who studied little studied even less. And the ones who studied hard
01:03decided they wanted a free ride too, so they studied little.
01:07The second average test result was a D. No one was happy. When the third test rolled round, the average
01:14was an F.
01:15As the test proceeded, the scores never improved. As bickering, name-calling and blame all resulted in hard feelings. And
01:26no one would study for the benefit of anyone else.
01:28To their great surprise, all failed. And the professor told them that socialism would ultimately fail.
01:36Because when the reward is great, the effort to succeed is great. But when the government takes away all the
01:43reward, no one will try or want to succeed.
01:47And that is socialism, my friends. A race to the bottom.
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