Economics is an arcane, daunting field of study. Many find it incomprehensible, and even some of us who don't serve in Washington are mystified by it as well.
As a public service, therefore, Viewpoint offers this simple lesson on the various economic systems that will make some general principles of the "dismal science" perfectly plain. The lesson teaches the differences between the major economic "isms" of the world. Here's how they work:
SOCIALISM: You have two cows. The government takes one and gives it to your neighbor.
COMMUNISM: You have two cows. The government seizes both and provides you with milk. You wait in line for hours to get it. It's expensive and sour. Meanwhile, no one works and the cows drop dead of starvation.
FASCISM: You have two cows. The government seizes both, sells you the milk, and shoots you if you complain.
OBAMANOMICS: You have two cows. First the government pays you not to milk them. Then it regulates what and how much you can feed them. Then it taxes you for the cows until you can no longer afford them. Eventually, the government takes both cows, uses one for food, milks the other and pours the milk down the drain. Meanwhile, you go on welfare.
AMERICAN CAPITALISM: You have two cows. You sell one and buy a bull.
Simple, no?
RLC
