Tilted Forum Project Discussion Community - World Economics Explained

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. You are surprised when the cow drops dead.

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(tm) and market them world-wide.

A GERMAN CORPORATION -- You have two cows. You re-engineer 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.

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 12 cows. You stop counting cows and open another bottle of vodka.

A SWISS CORPORATION -- You have 5000 cows, none of which belong to you. You charge others for storing them.

A HINDU CORPORATION -- You have two cows. You worship them.

A CHINESE CORPORATION -- You have two cows. You have 300 people milking them. You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers.

AN ARKANSAS CORPORATION -- You have two cows. That one on the left is kinda cute.

ENRON CORPORATION -- 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. 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.

ARTHUR ANDERSON, LLC -- You have 2 cows. You shred all documents that Enron has any cows, take 2 cows from Enron for payment for consulting the cows, and attest that Enron has 9 cows.

Now for different brands of philosophy.

Feudalism

You have two cows. Your lord takes some of the milk.

Pure Socialism

You have two cows. The government takes them and puts them in a barn with everyone else's cows. You have to take care of all the cows. The government gives you all the milk you need.

Bureaucratic Socialism

Your cows are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and eggs the regulations say you should need.

Fascism

You have two cows. The government takes both, hires you to take care of them, and sells you the milk.

Pure Communism

You have two cows. Your neighbours help you take care of them, and you all share the milk.

Real World Communism

You share two cows with your neighbours. You and your neighbours bicker about who has the most "ability" and who has the most "need". Meanwhile, no one works, no one gets any milk, and the cows drop dead of starvation.

Russian Communism

You have two cows. You have to take care of them, but the government takes all the milk. You steal back as much milk as you can and sell it on the black market.

Perestroika

You have two cows. You have to take care of them, but the Mafia takes all the milk. You steal back as much milk as you can and sell it on the "free" market.

Cambodian Communism

You have two cows. The government takes both and shoots you.

Militarianism

You have two cows. The government takes both and drafts you.

Totalitarianism

You have two cows. The government takes them and denies they ever existed. Milk is banned.

Pure Democracy

You have two cows. Your neighbours decide who gets the milk.

Representative Democracy

You have two cows. Your neighbours pick someone to tell you who gets the milk.

British Democracy

You have two cows. You feed them sheep's brains and they go mad. The government doesn't do anything.

Bureaucracy

You have two cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. Then it takes both, shoots one, milks the other and pours the milk down the drain. Then it requires you to fill out forms accounting for the missing cows.

Pure Anarchy

You have two cows. Either you sell the milk at a fair price or your neighbours try to take the cows and kill you.

Pure Capitalism

You have two cows. You sell one and buy a bull.

Capitalism

You don't have any cows. The bank will not lend you money to buy cows, because you don't have any cows to put up as collateral.

Environmentalism

You have two cows. The government bans you from milking or killing them.

Political Correctness

You are associated with (the concept of "ownership" is a symbol of the phallo centric, war mongering, intolerant past) two differently - aged (but no less valuable to society) bovines of non-specified gender.

Surrealism
You have two giraffes. The government requires you to take harmonica lessons.

Enron 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. He then executes 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 your CFO 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 six more.

Now do you see why a company with $62 billion in assets is declaring bankruptcy?