Milking an old joke

There is an old joke that represents a quick and easy way to understand the basic principles of political and economic ideologies:

Capitalism: you have two cows. You sell one and buy a bull.

Socialism: you have two cows. The state takes one and gives it to someone else.

Communism: you have two cows. The state takes both of them and gives you the milk.

Fascism: you have two cows. The state takes both of them, hires you to take care of them and sells you the milk.

Dictatorship: you have two cows. The government takes both and shoots you.

European democracy: you have two cows.

Thanks for your interest in Euromoney!
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