Basket of Crabs: Socialist Economy

Received this in an email forward, and it’s quite enlightening!

Reminded me of the basket of crab theory: if you have a basket full of live crabs, you don’t need to cover the lid! You know why?

Well, the one crab that tries to climb up the wall of the basket is pulled down by the rest of the crabs!

Isn’t this representative of a socialist economy? The more you make money, the more everybody else is going to pull you down. So let’s all of us keep living in the basket…?

It is said that the Indian economy for decades has been reeling under this phenomenon, but things may be
changing, hopefully for the better!