Dr Stephen Darori on 10 Economic Concepts Explained in Terms Everyone Can Relate to

[Stephen Darori]

SOCIALISM

You have two cows.
You give one to your neighbor.

COMMUNISM

You have two cows.
The State takes both and gives you some milk.

FASCISM

You have two cows.
The State takes both and sells you some milk.

BUREAUCRATISM

You have two cows.
The State takes both, shoots one, milks the other, and then throws the milk away.

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.

VENTURE CAPITALISM

You have two cows.
You realize this is not enough and buy another twenty two to spread your risk
You feed them just enough to keep them lean and able to breed and feed them their own milk to add some protein.
You ask them to find a bull to multiply the herd.
They don’t like the bull but you tell them to get on with it.
The herd needs feeding again.
You sell on the best of the herd to another farmer and put the rest to grass.
You start all over again.

ANGEL CAPITALISM

You are quite surprised to find that you now own two cows that you bought one evening over a glass of wine.
Come to think of it, they were more expensive than you thought.
You feed them, but only one of them multiplies the herd; the other has dropped dead.
The herd gets older and keeps eating
Half die.
One becomes a prize bull and you realize that was why it wasn’t producing a calf.
You sell the bull for so much that finally you are in the money.

CITY BANKING CAPITALISM

You have two cows