C

Economic system

An organized method by which countries, governments, and corporations distribute resources and trade goods and services.

Examples:

FEUDALISM
You have two cows. Your lord takes some of the milk.

SOCIALISM
You have two cows.
The government takes them and puts them in a barn with everyone else’s cows.
You have to take care of all the cows.
The government gives you as much milk as you need.

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

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6 Comments

  • PURE SOCIALISM
    You have two cows.
    The government takes them and puts them in a barn with everyone else’s cows.
    You have to take care of all the cows.
    The government gives you as much milk as you need.

  • CHINEESE COMMUNISM
    You have two cows.
    You have to take care of them, but the government takes all the milk and sells to Walmart.

  • RUSSIAN COMMUNISM
    You have two cows.
    You have to take care of them, but the government takes all the milk.

  • FASCISM
    You have two cows.
    The government takes them both, hires you to take care of them and sells you the milk.

  • BUREAUCRATIC SOCIALISM
    You have two cows.
    The government takes them and puts them in a barn with everyone else’s cows.
    They are cared for by ex-chicken farmers.
    You have to take care of the chickens the government took from the chicken farmers.
    The government gives you as much milk and eggs as the regulations say you should need.

  • CAMBODIAN COMMUNISM
    You have two cows.
    The government takes both and shoots you.