Understanding of the terms of Economics is not an easy task. However, some examples make it easy. Following examples make the eco-political terms easy to garsp.
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.
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 2 cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.
VENTURE CAPITALISM
You have 2 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.
AN AMERICAN CORPORATION
You have 2 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 died.
A FRENCH CORPORATION
You have 2 cows.
You go on strike, organize a riot, and block the roads, because you want three cows.
AN ITALIAN CORPORATION
You have 2 cows, but you don’t know where they are. You decide to have lunch.
A SWISS CORPORATION
You have 2 cows. None of them belong to you. You charge the owners for storing them.
A CHINESE CORPORATION
You have 2 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 2 cows. You worship them.
A BRITISH CORPORATION
You have 2 cows. Both are mad.
A GREEK CORPORATION
You have 2 cows borrowed from French and German banks.
You eat both of them.
The banks call to collect their milk, but you cannot deliver so you call the IMF. The IMF loans you two cows.
You eat both of them. The banks and the IMF call to collect their cows/milk.
You are out getting a haircut.
A SINGAPOREAN CORPORATION
You have 2 cows.
One "cow-peh" and one "cow-bu".
Both are owned by a government linked corporation.
A MALAYSIAN CORPORATION
You have 2 cows,
Both are staying in condo
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