Paraphrasing Churchill “Capitalism is the world’s worst economic system – except for all the rest.”

..and therein lies the dilemma. Socialism failed in Russia and in Cuba. It was only when its government started to emulate capitalism that China started to expand. But in the West we keep being told the gap between rich and poor gets ever wider – that fair?

What is a fair society? What does fairness actually look like? Can it really be put into practice? Are our laws & economy fair to all, or do some benefit more than others?

This Friday we are joined by special guest Peter Gooby-Taylor, who will be discussing his two fictional books Ardent Justice and The Baby Auction, and the research and motivation behind writing these.

Peter will be telling us of what motivated him to write these ‘books with a social conscience’, and together Simon and Peter (who will each be coming from very different viewpoints) will be discussing their own experiences of the issues found in Peter’s writing.

Meanwhile Simon added:

An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. The class had insisted that 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 socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.

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. But, 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. The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else. All failed to their great surprise and the professor told them that socialism would ultimately fail because the harder to succeed the greater the reward but when a government takes all the reward away; no one will try or succeed.

Tune in from 1pm this Friday on Channel Radio, for what is sure to be an interesting and engaging discussion.