An Oldie, But a Goodie: Economic Theories Explained by the Two Cow Example

DEMOCRAT
You have two cows.
Your neighbor has none.
You feel guilty for being successful.
Barbara Streisand sings for you.


REPUBLICAN
You have two cows.
Your neighbor has none.
So?
Revised: You sell him dairy products at a suitable markup. (Per Triticale)


SOCIALIST
You have two cows.
The government takes one and gives it to your neighbor.
You form a cooperative to tell him how to manage his cow.


COMMUNIST
You have two cows.
The government seizes both and provides you with milk.
You wait in line for hours to get it.
It is expensive and sour.


CAPITALISM, AMERICAN STYLE
You have two cows.
You sell one, buy a bull, and build a herd of cows.


DEMOCRACY, AMERICAN STYLE
You have two cows.
The government taxes you to the point you have to sell both to support a
man in a foreign country who has only one cow, which was a gift from
your government.


BUREAUCRACY, AMERICAN STYLE
You have two cows.
The government takes them both, shoots one, milks the other, pays you
for the milk, and then pours the milk down the drain.


AMERICAN CORPORATION
You have two cows.
You sell one, lease it back to yourself and do an IPO on the 2nd one.
You force the two cows to produce the milk of four cows. You are surprised
when one cow drops dead. You spin an announcement to the analysts
stating you have downsized and are reducing expenses.
Your stock goes up.


FRENCH CORPORATION
You have two cows.
You go on strike because you want three cows.
You go to lunch and drink wine.
Life is good.


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. They learn to travel on unbelievably
crowded trains. Most are at the top of their class at cow school.


GERMAN CORPORATION
You have two cows.
You engineer them so they are all blond, drink lots of beer, give
Excellent quality milk, and run a hundred miles an hour.
Unfortunately they also demand 13 weeks of vacation per year.


ITALIAN CORPORATION
You have two cows but you don't know where they are.
While ambling around, you see a beautiful woman.
You break for lunch.
Life is good.


RUSSIAN CORPORATION
You have two cows.
You have some vodka.
You count them and learn you have five cows.
You have some more vodka.
You count them again and learn you have 42 cows.
The Mafia shows up and takes over however many cows you really have.


TALIBAN CORPORATION
You have all the cows in Afghanistan, which are two.
You don't milk them because you cannot touch any creature's private parts.
Then you kill them and claim a US bomb blew them up while they were in the
hospital.


IRAQI CORPORATION
You have two cows.
They go into hiding.
They send radio tapes of their mooing.


FLORIDA CORPORATION
You have a black cow and a brown cow.
Everyone votes for the best looking one.
Some of the people who like the brown one best, vote for the black one.
Some people vote for both.
Some people vote for neither.
Some people can't figure out how to vote at all.
Finally, a bunch of guys from out-of-state tell you which is the
best-looking cow.


NEW YORK CORPORATION
You have fifteen million cows.
You have to choose which one will be the leader of the herd,
so you pick some fat cow from Arkansas.


CALIFORNIA CORPORATION
You have millions of cows.
Most are illegals.
Arnold likes the ones with the big tits.

Added, from reader Tom:

HONG KONG 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 an debt/equity swap with associated general offer so that you get all four cows back, with a tax deduction for keeping five cows.

The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the rights to all seven cows' milk back to the listed company.

The annual report says that the company owns eight cows, with an option on one more.

Meanwhile, you kill the two cows because the Feng Shui is bad.