The World's Economy...

 

SOCIALISM: You have 2 cows and you give one to your neighbor.


COMMUNISM: You have 2 cows; the Government takes both and gives you some
milk.


FASCISM: You have 2 cows; the Government takes both and sells you some
milk.


NAZISM: You have 2 cows. The Government takes both and shoots you.


BUREAUCRATISM: You have 2 cows; the Government takes both, shoots one, milks the other and 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.


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 shareholders who sell 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 senator or congressmen, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.


AN AMERICAN CORPORATION: You have two cows. You sell one, and force the other to produce the milk of four cows. You are surprised when the cow drops dead.


A FRENCH CORPORATION: You have two cows. You go on strike 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 clever cow cartoon images called Cowkimon and market them World-Wide.


A GERMAN CORPORATION: You have two cows. You reengineer them so they live for 100 years, eat once a month, and milk themselves.


A BRITISH CORPORATION: You have two cows. Both are mad.


AN ITALIAN CORPORATION: You have two cows, but you don't know where they are. You break for lunch.