Humor

A Lesson in International Capitalism

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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.

ENRON 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. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.

The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.

AN AMERICAN CORPORATION

You have two cows.

You sell one, and force the other to produce the milk of four cows. You are surprised when the cow drops dead.

A CANADIAN CORPORATION

You have two cows.

Your dairy operation is productive, and you sell 80% of the milk to the US market. The American government decides that you are taking advantage of federal subsidies to dump milk on the market below cost, and slaps you with 25% "countervailing" duties, to protect the interests of the above-mentioned American Corporation.

Angered and enraged in typical polite Canadian fashion, you cheer as the Canadian hockey teams beat the American teams and win Olympic gold. You wave the Maple Leaf a bit, and then apologize for the outburst and get back to milking your cows.

A FRENCH CORPORATION

You have two cows. You go on strike 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 clever cow cartoon images called Cowkimon and market them worldwide.

A GERMAN CORPORATION

You have two cows.

You reengineer them so they live for 100 years, eat once a month, and milk themselves.

A BRITISH CORPORATION

You have two cows. Both are mad.

AN ITALIAN CORPORATION

You have two cows, but you don't know where they are. You break for 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 12 cows. You stop counting cows and open another bottle of vodka.

A SWISS CORPORATION

You have 5000 cows, none of which belong to you. You charge others for storing them.

A HINDU CORPORATION

You have two cows. You worship them.

AN ISRAELI CORPORATION

You have two cows. The Palestinians have six cows.

The Palestinians don't like your cows grazing on their land, they say. They send in a suicide cow that kills one of your cows. You send in your bull to clear out their attack cows so your cows can be safe. Their bull retaliates. Your bull tramples him and several Palestinian cows that were caught in the open. CNN makes $Millions reporting on all the carnage.

A CHINESE CORPORATION

You have two cows. You have 300 people milking them. You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers.

AN ARKANSAS CORPORATION

You have two cows. That one on the left is kinda cute...