Monday 18 January 2010

How Governments do Business

It is the month of August, 0n the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt and living on credit.

A rich tourist comes to town and enters the only hotel. He lays a 100 Euro note on the reception counter and goes to inspect the rooms upstairs in order to pick one.

The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher.

The Butcher takes the 100 Euro note, and runs to pay his debt to the farmer.

The farmer takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel.

The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town’s prostitute that, in these hard times, gave her “services” on credit.

The prostitute runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.

The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything.

After inspecting the rooms, the rich tourist comes down and takes his 100 Euro note and leaves town, saying that he didn't like any of the rooms.

No one earned anything. However, the whole town is now without debt and looks to the future with a lot of optimism.

And that, ladies and gentlemen, is how Governments do business today.

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