Although we in the US believer our brand of capitalism is the best in the world, other countries actually practice a form a capitalism that is right for them. I thought to show how, an explanation of how the rest of the world sees capitalism using cows as a metaphor would be in order. I hope this makes you more internationally aware of how Adam Smith's invisible hand is a work. 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. AMERICAN 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 ...
How to make huge gains by being able to forecast the future that has already happened