Posted by: SWL | November 5, 2012

Peterffy Election Ad Has Powerful Warning About Problems of Socialism

The first time I saw one particular election ad, I was almost speechless at the power of the message. Self-made businessman Thomas Peterffy spent his own money for television ads pointing out similarities between his experiences in Hungary after it came under Soviet influence and current events in the US.

The ad points out that successful Hungarians had their earnings taken to pay for government programs. They lost their incentive to work hard. Rather than moving Hungarian society closer to equality, Peterffy says that the rich became poorer, but the poor became poorer too. The ad does not mention any specific candidate, but Peterffy laments the direction our country seems to be heading because he has seen similar trends in Soviet Hungary.

Mr. Peterffy has credibility because he actually experienced the Soviet system. He was able to immigrate to the US in 1956. He couldn’t speak English, but found a job and became very successful. In 1993 he founded Interactive Brokers. So he has also experienced the American Dream. If he sees parallels between the establishment of socialism in Hungary and what is happening in our government/country now, we should listen respectfully.

Everyone should watch this commercial. Even if you have already voted, the message is worth listening to.

Those who forget history are doomed to repeat it.

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