Animals

Understanding Economics: No Bull About It


#economics #capitalism #socialism #communism #cows

Popular advice columnist Abigail VanBuren once published a helpful guide to understanding the difference between the various economic systems:

Communism: You have two cows. The government takes both of them and gives you part of the milk.

Socialism: You have two cows. The government takes one and gives it to your neighbor.

Fascism: You have two cows. The government takes both cows and sells you the milk.

Nazism: You have two cows. The government takes both your cows, then shoots you.

Bureaucracy: You have two cows. The government takes both of them, shoots one, milks the other, then pours the milk down the drain.

Capitalism: You have two cows. You sell one of them and buy a bull.

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