Sociopolitical progress goes “moo”

The world explained by cows. A classic. My favorites:

CAPITALISM: You have two cows. You sell one and buy a bull.

HONG KONG 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 associated general offer so that you get all four cows back, with a tax deduction for keeping five cows. The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the right to all seven cows’ milk back to the listed company. The annual report says that the company owns eight cows, with an option on one more. Meanwhile, you kill the two cows because of bad feng shui.

Shorter, and therefore less awesome, versions have floated around the ‘net for a while. What can I say, I’m a late adopter.

3 thoughts on “Sociopolitical progress goes “moo””

  1. There are also much, much longer versions — California capitalism, Texas Capitalism, French socialism, German socialism, etc etc.

  2. Perfect timing Joe. One of my War Studies Profs was just talking about this last week. He said he’d drag it up for class this week. Now I got the jump on him!

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