That citation appears to say it's pure propaganda, which really makes me wonder why you'd post something you know to be untrue both on your blog and on Hacker News.
I could post my own fairy tale about how a teacher decided to divide grades equally among a whole class and the newfound accountability to their fellow students pushed the slackers to become hard workers and everybody not only received an A but earned it. They're both plain fantasies that exist only to pander to people who already agree with the message.