You have two cows” is a common political satire involving variations of scenarios of two cows and how they work within various economic systems. It’s also frequently used as a joke in entry-level economics courses, whereby the professor will use the two cows as metaphors for currency, capital, property, and their relationships. Here are the major world economic theories, explained with two cows:

Socialism

11889612_1008424962524398_5186718570333439063_n

Socialism encourages sharing and co-operative management. When you have two cows, you’re expected to share one with your neighbor. When your neighbor later gets two cows, you can expect a similar favor.

Communism

11866332_1008424992524395_7676561340248684484_n

Communism is a more extreme form of socialism. In this system, the State gets to have your cows and redistribute them as it sees fit. As a result, you have zero control over the cow, only what they produce.

Fascism

11888063_1008425089191052_2313638952520983076_n

The most tyrannical of the listed economic systems, fascism takes away your cows without a just cause. It then uses the stolen goods to to milk even more profit out of you. In a Fascist society, you want to make sure your cows are hidden from the State.

An American corporation

11855697_1008425102524384_1078145676764081044_n
Wall Street is notorious for being ruthless about milking profits out of corporations. If the cows don’t produce a certain volume of milk every quarter, it gets whipped. After they get sick to the point that they’re unable to produce any more milk, you pay a large fee to hire a vet.

A Swiss corporation

11828814_1008425052524389_8203354249073425091_n
Switzerland is famous for its neutrality. It doesn’t want the drama of owning cows. Instead, it rents out land for nurturing your cows.

A French corporation

11888115_1008424989191062_6374163076275627601_n
The French are notorious with strikes. If they don’t get three cows, no one gets any cow.

Venture capitalism

11145219_1008425072524387_6789768593464627565_n
Venture capital relies on a small number of cows producing so much milk that they overshadow the rest of the loser cows. The rules get complicated as more farmers want a piece of the cow.

Bureaucratism

11836706_1008425009191060_3397806100697174373_n

Large governments are commonly blamed for being bureaucratic. Complicated chains of command end up obscuring the real goal. In the end, none of the actions seem to make sense. Why waste a perfectly healthy cow?

Traditional Capitalism

11836735_1008425045857723_1637893353023743030_n

Then you have traditional capitalism, which is the most stable system of them all. You buy two cows, nurture them, and give them room to prosper and multiple. With the power of compounding interest, the two cows will become an entire herd by the time you retire. You, the cows, and everyone buying the cows’ milk live happily ever after.


read this next:

h/t www.newstalkzb.co.nz