21 Economic Models explained with Cows - 2008 update
1. SOCIALISM You have 2 cows. You give one to your neighbor.
2. COMMUNISM You have 2 cows. The State takes both and gives you some milk.
3. FASCISM You have 2 cows. The State takes both and sells you some milk.
4. NAZISM You have 2 cows. The State takes both and shoots you.
5. BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away...
6. 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.
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