Saturday, November 16, 2013

Socialism vs Capitalism. India still dreaming that it can flourish with Socialist policies..

Source: Armstrongeconomics..

No wonder, India is in such a dire state. Even salt is sold at prices of $3/KG.. Problem is still many Indians believe "capitalism=evil". If we ask the same guys to share their assets or even offer some help, then the reality comes out. The mindset is simple, "everyone else should give and share" but not me.

Like the workers always fight and destroy their own company properties for "better pay" because 'cost of living" went up. Who caused the problem? It's not the company they are working for but the outside forces. Also majority of people put the "wants" ahead of 'needs'. Like sending to private schools, going to private hospitals etc. One may say the quality is the issue, but when we are paying taxes and can't afford (point is affordability and choice) why can't one question and get the entitlement?

Anyway, I have little hope that one day India will overcome these issues. As more and more educated people coming to rule this country, the worse it is becoming. because they are not god fearing, law abiding (they know how to bypass it) and smart folks but doing only for their own benefit..

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 Obama’s socialism worked and that 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 Obama’s plan”.. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. 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 little.
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 and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that.
Here are possibly the 5 key points about such an experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

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