Economic Models explained with cows
CHRISTIANITY: You have 2 cows. You give one to your neighbour.
SOCIALISM: You have 2 cows. The State takes one and gives it to your neighbour.
COMMUNISM: You have 2 cows. The State takes both and gives you some milk.
FASCISM: You have 2 cows. The State takes both and sells you some milk.
NAZISM: You have 2 cows. The State takes both and shoots you.
BUREAUCRACY: You have 2 cows. The State takes both, shoots one, milks the other, then throws the milk away...
SURREALISM: You have two giraffes. The government requires you to take harmonica lessons.
TRADITIONAL CAPITALISM: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
AMERICAN CAPITALISM: You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyse why the cow has dropped dead.
ENRON VENTURE CAPITALISM: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows is transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new President of the United States , leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
THE ANDERSEN MODEL: You have two cows. You shred them.
FRENCH CAPITALISM: You have two cows. You go on strike, organise a riot, burn both cows and block the road with their smoking carcasses, because you want three cows.
JAPANESE CAPITALISM: You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called 'cowkimon' and market it worldwide.
GERMAN CAPITALISM: You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
ITALIAN CAPITALISM: You have two cows, but you don't know where they are. You decide to have lunch.
RUSSIAN CAPITALISM: You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.
SWISS CAPITALISM: You have 5000 cows. None of them belongs to you. You charge the owners for storing them.
CHINESE CAPITALISM: You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity, and arrest the newsman who reported the real situation.
INDIAN CAPITALISM: You have two cows. You worship them.
BRITISH CAPITALISM: You have two cows. Both are mad.
IRAQI CAPITALISM: Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they liberate your country by turning it into a civil war zone. You still have no cows, but at least now you are part of a democracy.
AUSTRALIAN CAPITALISM: You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate.
WELSH CAPITALISM: You have two cows. The one on the left looks very attractive.
CHRISTIANITY: You have 2 cows. You give one to your neighbour.
SOCIALISM: You have 2 cows. The State takes one and gives it to your neighbour.
COMMUNISM: You have 2 cows. The State takes both and gives you some milk.
FASCISM: You have 2 cows. The State takes both and sells you some milk.
NAZISM: You have 2 cows. The State takes both and shoots you.
BUREAUCRACY: You have 2 cows. The State takes both, shoots one, milks the other, then throws the milk away...
SURREALISM: You have two giraffes. The government requires you to take harmonica lessons.
TRADITIONAL CAPITALISM: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
AMERICAN CAPITALISM: You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyse why the cow has dropped dead.
ENRON VENTURE CAPITALISM: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows is transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new President of the United States , leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
THE ANDERSEN MODEL: You have two cows. You shred them.
FRENCH CAPITALISM: You have two cows. You go on strike, organise a riot, burn both cows and block the road with their smoking carcasses, because you want three cows.
JAPANESE CAPITALISM: You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called 'cowkimon' and market it worldwide.
GERMAN CAPITALISM: You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
ITALIAN CAPITALISM: You have two cows, but you don't know where they are. You decide to have lunch.
RUSSIAN CAPITALISM: You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.
SWISS CAPITALISM: You have 5000 cows. None of them belongs to you. You charge the owners for storing them.
CHINESE CAPITALISM: You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity, and arrest the newsman who reported the real situation.
INDIAN CAPITALISM: You have two cows. You worship them.
BRITISH CAPITALISM: You have two cows. Both are mad.
IRAQI CAPITALISM: Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they liberate your country by turning it into a civil war zone. You still have no cows, but at least now you are part of a democracy.
AUSTRALIAN CAPITALISM: You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate.
WELSH CAPITALISM: You have two cows. The one on the left looks very attractive.
