For laughs and giggles(plus part education) here's a simple explanation of different economic models.
👉Capitalism: You have two cows. You sell one cow and buy a bull. This represents the concept of private ownership and the idea that individuals can buy and sell goods and services to earn a profit.
👉Socialism: You have two cows. You give one cow to your neighbor. This represents the idea of sharing resources and wealth with others, and the government playing a role in redistributing wealth and resources.
^^Does this sound like the U.S. or Canada right now?
👉Communism: You have two cows. The government takes both cows and gives you some milk. This represents the idea of the government owning and controlling all resources, and distributing them equally among the population.
👉Fascism: You have two cows. The government takes both cows and sells you some milk. This represents the idea of the government controlling all aspects of the economy, including production and distribution, and using the profits for its own benefit.
👉Bureaucratism: You have two cows. The government takes both, shoots one, milks the other, and then throws the milk away. This represents the idea of government inefficiency and waste, as well as the lack of accountability and transparency.
👉Anarchism: You have two cows. You keep both cows, shoot the government agent, and steal another cow. This represents the idea of individual freedom and the rejection of government control and authority.
👉Traditional Capitalism: You have two cows. You sell one cow and use the money to buy a new cow. This represents the idea of private ownership and the concept of profit and loss.
👉Venture 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 a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. This represents the idea of complex financial transactions and the use of financial instruments to manipulate the market.
👉New Dealism: You have two cows. The government takes both, shoots one, buys milk from the other, and then pours the milk down the drain. This represents the idea of government intervention in the economy and the use of government programs to redistribute wealth and resources.
👉A GREEK CORPORTATION
You have two 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 and the IMF call to collect their cows/milk. You are out getting a harcut.
👉AN IRISH CORPORATION
You have two cows. One of them is a horse.
⭐⭐For additional fun; I pulled this from here.
👉A FRENCH CORPORATION
You have two cows.
You go on strike, organise a riot, and block the roads, 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 a clever cow cartoon image called 'Cowkimon' and market it worldwide.
👉A GERMAN CORPORATION
You have two cows.
You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
👉AN ITALIAN CORPORATION
You have two cows, but you don't know where they are.
You decide to have 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 2 cows.
You stop counting cows and open another bottle of vodka.
👉A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.
👉A CHINESE CORPORATION
You have two 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 two cows.
You worship them.
👉A BRITISH CORPORATION
You have two cows.
Both are mad.
👉AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the sh#t out of you and invade your country.
You still have no cows, but at least now you are part of a Democracy...
👉AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.
👉A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive.
These examples are meant to be humorous and simplified, but they can help to illustrate the basic principles of each economic system.