Two Cows
(A comedy from moneybusinessblog, original link http://www.monkeybusinessblog.com/mbb_weblog/2009/02/so-you-have-two-cows.html)
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.
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.
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 analyze why the cow has dropped dead.
GOLDMAN SACHS VENTURE CAPITALISM
You have two cows. You sell one and buy a bull.
You sell three of them to your publicly listed company, using letters of
credit opened by your brother-in-law at JPM Chase, 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. The public then buys your bull.