Modigliani-Miller markets in everything the culture that is China

by on December 19, 2011 at 2:23 pm in Philosophy | Permalink

They only look like baby pandas.

These little bundles of joy are actually chow chow dogs that have been dyed black-and-white to look like pandas.

Dyeing pets has been a trend in pet pampering for quite some time. At last summer’s Pets Show Taipei, there was a fierce dog-dyeing competition. Check out photos.

But dyeing your pets to look like other wild animals is a more recent development.

The full story is here and for the pointer I thank this guy.  Don’t miss the other photos at the link, for instance:


1 Marie December 19, 2011 at 3:03 pm

The six year old in my just started wildly squee-ing. And 30 miles from me, my husband just rolled his eyes.

2 efp December 19, 2011 at 3:09 pm

Now that they have a viable Panda substitute, they can grind up all the real ones to make virility powder.

3 wimivo December 19, 2011 at 3:13 pm

Julian Simon would approve

4 Silas Barta December 19, 2011 at 3:28 pm


You’re supposed to die *cats* to look like tigers, not dogs. Wrong animal family, dude!

5 quigley December 19, 2011 at 3:32 pm

Of course, though, a cat would never sit/stand for such treatment

6 Yancey Ward December 19, 2011 at 7:29 pm

That is why you sedate them.

7 mdb December 20, 2011 at 9:15 am

I saw this in a bookstore about 10 years, almost hit the floor laughing – I thought it was awesome. I don’t understand it, but I like it. Now they paint dogs – still don’t get it – don’t really find the panda-dogs funny but i like it.

8 Noam December 19, 2011 at 3:57 pm

Can anyone point to sources on species destruction by China and other East Asians?

The general wisdom seems to be that they have devastated and do devastate animal species more so than other groups.

Is there good data on this? Not anecdotes or stories about cuisine but data indicating that it’s greater than other groups?

9 Geoff December 19, 2011 at 8:25 pm

Shark Fin soup. Cultural traditions are changing in North America, but it will be a longer battle to resolve this in Asia

10 J-P Voilleque December 19, 2011 at 5:51 pm

I am agog. The chow puppies are pretty dang convincing.

Still, argh.

11 Chow chow owner December 19, 2011 at 6:06 pm

It’s funny that someone would refer to this as “pet pampering”. If you want to pamper a chow chow the last thing you should do is get it wet, give it a dye job, and carry it around in your arms. The only chows in that story that look happy are the two puppies that are play fighting. The adult chow chow being walked by the woman in red is certainly not happy.

12 Yancey Ward December 19, 2011 at 7:29 pm

Pet tampering is more apt.

13 Tom T. December 19, 2011 at 11:00 pm


14 Andrew' December 20, 2011 at 5:08 am

The retriever looks happy. But he’s going to be crushed when he learns he’s not really a tiger.

15 Silas Barta December 20, 2011 at 11:11 am


16 8 December 19, 2011 at 6:31 pm

Chow meat is sweeter.

17 mike December 19, 2011 at 7:12 pm

worthless people

18 Yancey Ward December 19, 2011 at 7:30 pm

I think the new trend should be making your pets look like world leaders, or famous economists.

19 Lord December 19, 2011 at 8:49 pm

Have to wonder how the other animals respond to it.

20 THANK YOU BASED TYLER COWEN December 19, 2011 at 8:55 pm

How long before these start showing up in Brooklyn?

21 Rahul December 19, 2011 at 10:33 pm

How long before they dye their kids to look Brooklyn.

22 David December 19, 2011 at 10:45 pm

What the hammer? What the chain?

23 Yancey Ward December 20, 2011 at 10:36 am

Tiger, tiger burning bright, in the kennels of the night?

24 Jgupta December 20, 2011 at 12:13 am

I didn’t know TC support one China policy, the show was held in Taipei, and TC refer it as part of China.

25 Someone from the other side December 20, 2011 at 1:54 am

Maybe I lack vision here, but how does this relate to MM? Are the fake animals like companies substituting equity with debt???

26 londenio December 20, 2011 at 4:24 am

Rich people should buy real pandas and paint them to look like, dogs, e.g. dalmatians.

27 Vivek Nemana December 20, 2011 at 10:56 am

Haha Modigliani-Miller markets…I see what you did there, Professor Cowen.

28 K December 20, 2011 at 2:28 pm

Mon Mon!!

29 Sicesk December 22, 2011 at 7:58 am

Next please!

30 Sara December 22, 2011 at 12:34 pm

I hate that people do this to animals. However, what I hate more is that this becomes a racist attack on people in China or Asia. This could have happened and DOES happen here in the United States too, and we never make that a racist attack on Americans, we treat it as an attack on the individuals who are ignorant enough to do that. So why attack an entire country and extend it to an entire continent? It seems oughly racist. And not to mention the person who is looking for “facts” to validate existing stereotypes. This is all bizarre here. Your beliefs should have been based on facts in the first place. In case anyone is wondering, we are pretty cruel to animals in the US…but by no means does that mean that Americans are ignorant or awful to animals has a whole.

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