If it were true, he’d be sued and unemployed and the talking heads would be dining on his reputation.
Everything was put into a "common store" which anyone could take from as he or she saw fit.
It wasn't long before people realized their were able-bodied men who didn't lift a finger to produce anything but didn't hesitate to take from the store.
They eventually decided that every family would get a plot of land and whatever was produced on that land could be dispensed as the producer saw fit.
Long story short; problem fixed.
I like that story whether it is true or not. Bookmarked.
Very few students understand it until they start paying their own way.
My daughter’s chemistry professor told that same story in class, when the students were begging him to “curve the grades”. After that, there was no more talking about curving, everybody studied and did the best he/she could!
So, you are saying that central planning doesn’t make the population wealthy? Interesting...
I thought no one would fail?
Perfect for college students...explains it without sounding like you are preaching...... Should be published in every college paper!
Love it!!!
Great lesson. I hope his students understood it.
I was talking to a friend of mine's little girl the other day. I asked her what she wanted to be when she grew up and she replied, "I want to be President!"
Both of her parents are liberal Democrats and were standing there.
So then I asked her, "If you were President what would be the first thing you would do?"
She replied, "I'd give houses to all the homeless people."
"Wow - what a worthy goal."
I told her, "You don't have to wait until you're President to do that. You can come over to my house and mow, pull weeds, and sweep my yard, and I'll pay you $50. Then I'll take you over to the grocery store where this homeless guy hangs out, and you can give him the $50 to use toward a new house."
Since she is only 6, she thought that over for a few seconds.
While her Mom glared at me, she looked me straight in the eye and asked, "Why doesn't the homeless guy come over and do the work, and you can just pay him the $50?"
And I said, "Welcome to the Republican Party."
Thanks for posting. This something that should be required reading in every classroom. The students might just understand something like this. A lesson could be learned.