-Caveat Lector-

Feudalism:
You have two cows.
Your lord takes some of the milk,
and screws your pretty daughter.

Fascism:
You have two cows.
The government takes both, hires you to take care of them,
sells you the milk, kills the cows and sells the meat to a
fast food corporation..

Communism:
You don't have two cows.
You must take care of the government's cows.
The government gives you milk powder.

Capitalism:
You have two cows which you bought from a farmer who
was driven off his land by competition with government subsidized
corporate farms.
You hire the desperate farmer for peanuts to work with the cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell the herd to McDonald's, fire the farmer,
and retire on the income. Everyone thinks you're great.
The farmer kills himself.

Corporate Capitalism:
You have two cows. You bought them with a government loan
to study bovine flatulence as an advanced energy source.
You borrow 80% of the forward value of the two cows from
your bank, then buy another cow with 5% down and the rest
financed by the seller on a note callable if your market cap
goes below $20B at a rate 2 times prime. You now sell three
cows to your publicly listed company, using letters of
credit opened by your brother-in-law at a 2nd bank, then
execute a debt/equity swap with an associated general offer
so that you get four cows back, with a tax exemption for
five cows. The milk rights of six cows are transferred via
an intermediary to a Cayman Island company secretly owned by
the majority shareholder who sells the rights to seven cows
back to your listed company. The annual report says the
company owns eight cows, with an option on one more and this
transaction process is upheld by your independent auditor
and no Balance Sheet provided with the press release that
announces that Enron as a major owner of cows  will begin
trading cows via the Internet site COW (cows on web). Furthermore,
you have cornered the market on cow flatulence which you have
agreed to sell to the Governor of California at premium prices. Then
you sell your stock to the dumb greedy middle class and take the money
and run. The rich think you're great. The lawyers think you're
great. Wall Street puts up your picture in it's Secret Hall of Fame.
I am sure you now fully understand how it works.

==================
Economic analysis by
Chuck U. Farley


[Economic systems are ALWAYS established to benefit elites.]

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