The Cow theory on Governance

image
Many have heard the story of the 3 cows and capitalism in different forms. It is the hypothetical situation where – Your neighbor has 3 cows, you have one cow. How does a capitalist economic systems deal with this situation?

One possible ending to the story is, the person with 3 cows becomes rich by renting one of his cows to you. Then he takes his cow back and uses the profit to buy your cow from you, leaving him with 4 cows and you with none.

Some of the policies and laws in under developed or developing countries cannot be explained in a sensible way. But an extension of the cow theory though sounds hilarious brings home the truth about the Sri Lankan situation.

Economic governance:
You have 3 cows. The government taxes you to the point that you must sell two in order to support someone else who already got a free cow from the government and the large number of ministers, deputies and their deputies in parliament who have to look after the circulation of the same 3 cows.

Voting for better governance:
You have 3 cows. Your neighbor has none. Your representatives in parliament make you feel guilty for being successful. At the next elections you vote people into office who tax your cows, forcing you to sell one to raise money to pay the tax. You also give a ‘gift’ to the ones you voted, the other 2 cows, so that they won’t come after you for owning 3 cows. The people you voted for then take the tax money and buy a cow and give it to your neighbor, whilst they own the other 2 cows. You feel righteous without any cows and wait for the next election.

Just remember;
If you want to tell people the truth, make them laugh, otherwise they’ll kill you.” ― Oscar Wilde, The Nightingale and the Rose

Advertisements

About surenraj

“Views expressed are my own”
This entry was posted in Governance and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s