A socialist society influences your financial situation. In this video, I’m going to explain a very simple case of socialism gone wrong in an economics classroom.

To many people, socialism is not what you think it is, especially when you’re one of the go-getters or producers. Plain and simple, socialism doesn’t work.

The economics teacher confronts his students, presenting them with socialism in real-life terms, and well…it’s not what they expect. By their second exam, the students learn how socialism really works.

Socialism definition: a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole (source dictionary.com)

Here’s a link to one of the articles about this classroom example: http://www.thecommentator.com/article/646/does_socialism_work_a_classroom_experiment

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