What is the difference between capitalism and socialism? In a capitalist society, man exploits man, and in a socialist one, it’s the other way around.
The Difference Between the Economies
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.
The government takes one and gives it to your neighbour.
You have 2 cows. The State takes both and gives you some milk.
You have 2 cows. The State takes both and sells you some milk.
You have two cows. The government takes both and shoots you.
You have 2 cows. The State takes both, shoots one, milks the other and then throws the milk away.
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, and 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, who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more.