“21 Economic Models Explained”

by Craig Newmark | April 21, 2012 6:18 am

Part of this will be familar to econonerds, but there’s a lot that’s new[1].

SOCIALISM
You have 2 cows.
You give one to your neighbour.

COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.

. . .

A FRENCH CORPORATION
You have two cows.
You go on strike, organize a riot, and block the roads, because you want three cows.