Economic Models
Economic Models
Economic Models explained with cows - 2007 update???
SOCIALISM: You have 2 cows. You give one 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.
BUREAUCRATISM: You have 2 cows. The State takes both,
shoots one, milks the other, and then throws the milk
away...
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.
SURREALISM: You have two giraffes. The government
requires you to take harmonica lessons
AN AMERICAN CORPORATION: 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 are 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. You 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 then buys your bull.
THE ARTHUR ANDERSEN MODEL: You have two cows. You shred
them.
A FRENCH CORPORATION: You have two cows. You go on
strike, organise a riot, and block the roads, because
you want three cows.
A JAPANESE CORPORATION: 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.
A GERMAN CORPORATION: You have two cows. You
re-engineer them so they live for 100 years, eat once
a month, and milk themselves.
AN ITALIAN CORPORATION: You have two cows, but you
don't know where they are. You decide to have lunch.
A RUSSIAN CORPORATION: 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.
A SWISS CORPORATION: You have 5000 cows. None of them
belong to you. You charge the owners for storing
them.
A CHINESE CORPORATION: You have two cows. You have 300
people milking them. You claim that you have full
employment, and high bovine productivity. You arrest
the newsman who reported the real situation.
AN INDIAN CORPORATION: You have two cows. You worship
them
AN IRAQI CORPORATION: Everyone thinks you have lots of
cows. You tell them that you have none. No-one
believes you, so they bomb the **** out of you and
invade your country. You still have no cows, but at
least now you are part of a?Democracy....
A NEW ZEALAND CORPORATION: You have two cows. The one
on the left looks very attractive.
AN AUSTRALIAN CORPORATION: You have two cows. Business
seems pretty good. You close the office and go for a
few beers to celebrate.