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An economics professor said he had never failed a single student before but had, once, failed an entire class, minus one person. That class had insisted that capitalism worked and that most would be poor and one would be rich, a great way to motivate people. The professor then said ok, we will have an experiment in this class on capitalism.
Since the class only dealt with one subject, the person with the highest score would get an A, the next best score would get a B, the following score would get a C, so on and so forth. After the first test the grades were given out. No matter how hard someone studied there could only be one person with an A, one person with a B, one person with a C, and one person with a D. All other students were given the lowest grades, as some the top students already had an advantage knowing the subject material.
But, as the second test rolled around, the students who received an F on the the previous test knew even if they got an A on this test their average would still be a C; so they studied less than what they had previously. The second test the person who had an A on the first test got a A. Previous test takers who had a B,C,D now got an F. No one was happy, except the guy who got an A. When the 3rd test rolled around the average was an F for everyone except the guy who got an A on the previous test.
The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for the benefit of themselves. All failed, except the guy who got A's, and the professor told them that capitalism would also ultimately fail because when only one person can get the reward, the effort to succeed is hampered; but when government takes all the rewards and gives them to a few; no one else can or will succeed.
Originally posted by ExPostFacto
I have never seen a better example...
It really speaks truth about the fallacy of capitalism. On paper it sounds great, but in reality, unless everyone contributes, it will inevitably fail.
Source: Why Capitalism Fails.
[edit on 13-7-2010 by ExPostFacto]
Originally posted by Enf0rc3r
Difference here is that in real life u dont get a liberal professor failing you automatically. In real life, if u work hard, u will make money. Simple concept that has made America the power house it is today. The professor was a complete idiot, ad used a biased model of capitalism based on his political views to hammer home a point that some people aren't good enough in his world to succeed.
Originally posted by Robert Reynolds
Capitalism doesn't work over the long term because just about every aspect of success for one person, is at the expense of someone else. Unless of course, you consider having the most ruthless and greedy people running the world a success - then it's very effective.
Originally posted by Enf0rc3r
In real life, if u work hard, u will make money.
If it happens sometimes that the worker makes a small savings, it is quickly consumed by the inevitable periods of unemployment which often cruelly interrupt his work, as well as by the unforeseen accidents and illnesses which befall his family. The accidents and illnesses that can overtake him constitute a risk that makes all the risks of the employer nothing in comparison: because for the worker debilitating illness can destroy his productive ability, his labor power. Over all, prolonged illness is the most terrible bankruptcy, a bankruptcy that means for him and his children, hunger and death.
"The simple worker who owns nothing more than his hands, has nothing else to sell than his labor. He sells it more or less expensively; but its price whether high or low, does not depend on him alone: it depends on an agreement with whoever will pay for his labor. The employer pays as little as possible; when given the choice between a great number of workers, the employer prefers the one who works cheap. The workers are, then, forced to lower their price in competition each against the other. In all types of labor, it necessarily follows that the salary of the worker is limited to what is necessary for survival." (Reflexions sur la formation et la distribution des richesses)
The basic fact is that the poor are an integral part of the working class - its poorest and most disadvantaged stratum. They need to be seen as such, as part of a continuum, the more so as many workers who are not deprived in the official sense live in permanent danger of entering the ranks of the deprived; and that they share...many of the disadvantages which afflict the deprived...Ralph Miliband