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Capitalism and Cows...

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.
  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 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 World-Wide.


  A GERMAN CORPORATION

  You have two cows.
  You re-engineer 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.
  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.


  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 ISRAELI CORPORATION

  So, there are these two Jewish cows, right? They open a milk factory,
  an ice cream store, and then sell the movie rights. They send their
  calves to Harvard to become doctors. So, who needs people?


Copyright 2002: D Mitsinikos - if you wish to copy parts of my website, by all means do, but please include my name and my web address