The class (students) insisted that socialism worked since 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 will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A."
After the first test the grades were averaged and everyone got a B. The students who had studied hard were upset while the students who had studied very little were happy.
But, as the second test rolled around, the students who had studied little studied even less and the ones who had studied hard decided that since they couldn't make an A, they also studied less. The second Test average was a D.
No one was happy. When the 3rd test rolled around the average grade was an F.
The scores never increased as bickering, blame, name calling, all resulted in hard feelings and no one would study for anyone else.
To their great surprise all failed. The professor told them that socialism would ultimately fail because the harder people try to succeed the greater their reward (capitalism) but when a government takes all the reward away (socialism) no one will try or succeed.
The above story is a legend, but you could ask him how he thinks it would work out if he really graded that way for an entire semester, and why the outcome would be any different in the economy when the reward is money instead of a grade.
I support capitalism because I support freedom. ALL economic exchanges are voluntary in capitalism, and both sides win in each such exchange or they wouldn't bother with the bargain. When I provide my services, the customer feels like they got a great deal (I get far more referrals than I am willing to accept in today's economy). When I receive pay for my services, I feel like I got a great deal. Both sides won, thanks to personal freedom, and no force is involved on either side. It's only when government steps in that freedom is lost.
I have a nephew (age 23) who is in college and is a Fa-LAMING LIBERAL and an Obamatron. He spews socialist venom from every pore.
He was working as a waiter (at a restaurant chain which shall remain nameless) and often lamented the “system” there in which he would take the customers’ order, bring drinks, etc., but all wait staff was required to pool their tips and split equally at the end of the evening since the wait staff helped each other in .
It was totally LOST on him that this is the way socialism works. I could NOT make him understand!