Vet School
First-year students at Auburn University Vet School were receiving their first anatomy class, with a real dead cow. They all gathered around the surgery table with the body covered with a white sheet.

The professor started the class by telling them, "In Veterinary Medicine it is necessary to have two important qualities as a doctor: The first is that you not be disgusted by anything involving the animal body. For an example, the Professor pulled back the sheet, stuck his finger in the butt of the dead cow, withdrew it and stuck it in his mouth. "Go ahead and do the same thing," he told his students.

The students freaked out, hesitated for several minutes, but eventually took turns sticking a finger in the anal opening of the dead cow and sucking on it. When everyone finished, the Professor looked at them and said, "The second most important quality is observation. I stuck in my middle finger and sucked on my index finger." Now learn to pay attention. "Life's tough, but it's even tougher if you're stupid."

The Farmer
A farmer is sitting in the neighborhood bar getting soused. A man comes in and asks the farmer, "Hey, why are you sitting here on this beautiful day getting drunk?"

Farmer: Some things you just can't explain.
Man: So what happened that's so horrible?
Farmer: Well, today I was sitting by my cow milking her. Just as I got the bucket bout full, she took her left leg and kicked over the bucket.
Man: Ok, but that's not so bad.
Farmer: Some things you just can't explain.
Man: So what happened then?
Farmer: I took her left leg and tied it to the post on the left.
Man: And then?
Farmer: Well, I sat back down and continued to milk her. Just as I got the bucket about full, she took her right leg and kicked over the bucket.
Man: Again?
Farmer: Some things you just can't explain.
Man: So, what did you do then?
Farmer: I took her right leg this time and tied it to the post on the right.
Man: And then?
Farmer: Well, I sat back down and began milking her again. Just as I got the bucket about full, the stupid cow knocked over the bucket with her tail.
Man: Hmmm...
Farmer: Some things you just can't explain.
Man: So, what did you do?
Farmer: Well, I didn't have any more rope, so I took off my belt and tied her tail to the rafter. In that moment, my pants fell down and my wife walked in..... Some things you just can't explain.

Economic Models explained with Cows - Updated
SOCIALISM
You have 2 cows.
You give one to your neighbor.

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

FASCISM
You have 2 cows.
The State takes both and sells you some milk.

NAZISM
You have 2 cows.
The State takes both and shoots you.

BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other, and then throws the milk away...

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.

SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons

AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to produce the milk of four cows.
Later, you hire a consultant to analyze why the cow has dropped dead.

ENRON VENTURE 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 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.
You sell one cow to buy a new president of the United States, leaving you with nine cows.
No balance sheet provided with the release.
The public then buys your bull.

THE ANDERSEN MODEL
You have two cows.
You shred them.

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

A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
You then create a clever cow cartoon image called 'Cowkimon' and market it worldwide.

A GERMAN CORPORATION
You have two cows.
You re-engineer them so they live for 100 years, eat once a month, and milk themselves.

AN ITALIAN CORPORATION
You have two cows, but you don't know where they are.
You decide to have lunch.

A RUSSIAN CORPORATION
You have two cows.
You count them and learn you have five cows.
You count them again and learn you have 42 cows.
You count them again and learn you have 2 cows.
You stop counting cows and open another bottle of vodka.

A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.

A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment, and high bovine productivity.
You arrest the newsman who reported the real situation.

AN INDIAN CORPORATION
You have two cows.
You worship them.

A BRITISH CORPORATION
You have two cows.
Both are mad.

AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the **** out of you and invade your country.
You still have no cows, but at least now you are part of a Democracy....

AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.

A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive