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What about one with capitalism, but a central bank like the Fed? I like to know what people think of that one.
How about an Israeli Corporation?
As for venture capitalism, where they get the third cow to sell the first time, and how did they keep adding one more cow?
I think the third cow comes from naked short selling - you selling assets you don't own, but pretend that you'll acquire later.
The fourth cow, the debt/equity swap, comes from trading your debt for the imaginary value of your company. The value is determined by a rating company that you pay, sort of like how the banks paid Moody's and S&P to rate the mortgages they were bundling into collateralized debt obligations.
The tax exemption for five cows comes from the fact that the exemptions are determined by laws which are determined by the size of your campaign contributions. It has little to do with actual cows.
Just because you only have two physical cows doesn't mean you can't sell the rights to milk six cows.
It reminds me of the 60-120 Trillion dollars of naked credit default swaps were floating before the 2008 financial crisis. It's maybe also about the re-selling of banks re-hypothecated assets. That's illegal in the USA, but not Great Britain which is why US banks and AIG do the really bad stuff in their British branches.
I don't understand the seventh cow.
As for the eight cows value on the Annual report, the courts have sometimes held that puffery is a valid defense for corporate lying.
It's basically a description of what happened in the 2008 financial crisis.
As for the fascism, fascism isn't an economic system. If anything, fascism has survival of the fittest capitalism with government picking the winners.
The 9th cow is imaginary book value for corporate good will.
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decoding venture capitalism
