Hungarian Immigrant Thomas Peterffy's Powerful Ad Against Socialism

By the Left Coast Rebel

Thomas Peterffy's personal story via. Youtube...

Thomas Peterffy grew up in socialist Hungary. Despite the fact that he could not speak English when he immigrated to the United States in 1956, Thomas fulfilled the American dream. With hard work and dedication, he started a business that today employs thousands of people. In the 1970s, Thomas bought a seat on the American Stock Exchange. He played a key role in developing the electronic trading of securities and is the founder of Interactive Brokers, an online discount brokerage firm with offices all over the world.

Sometimes it takes an immigrant -- someone that loves this country for the bastion of individual freedom it once was, what it should be and what it may be again and has the perspective of immigrating to the USA from a society that does not value liberty -- to see our slide toward socialism.

Too many Americans have no idea the freedoms they are giving up, or don't even care about the tradeoff that comes with socialism.

Updated: The comments to this garbage CNN article on Thomas Peterffy's video (and life story) prove my point about how far America has come.


  1. I wish this would go viral, but the libs will fight it tooth and nail. Nothing quite like truth from one who has experienced it.

  2. Hope you don't mind Tim but I'm putting this up at Rational Nation. With proper h/t of course.

  3. The USA is certainly not going to become a socialist country under President Obama or any other politician. The government will not control the means of production or any businesses. We do run a health care system for our military but that is not socialism. You may have grown up with the evils of a devastated post-WWII economy and you regret that your people did not have enough gumption to work to restore their country without being bribed. What you are missing is an experience living in a plutocracy. The rich get richer and more powerful, everyone else is left to sink into poverty. This country has had that experience from the Civil War to the 1930s. The right-wing forgets this hard lesson - at their own peril. You are not the person to speak to America about economic control systems. Your experience is not an American experience, the Hungarians are not Americans. You have no experience with equates to that of America. You need to study our history first and not just try to conflate your un-American experience with our republic.

    1. America will certainly lower itself into the pit of Socialism if Obama is reelected. He has a history of hiring people with Marxist backgrounds:
      Van Jones:

  4. .

    You mean like this?

    Socialism is working for OMitt in China???

    Ema Nymton

  5. Just like Mitt, Peterffy misrepresents what really happened to score political points. Humgary was under control of brutal foreign country during the 9 years Pterffy "grew up". If he thought he was under the control of a "socialist" government his parents were either communists (probably not) or he was too young to understand what was going on. The truth is that Churchill and later the US gave Hungary to the Soviet Union which under Stalin raped and pillaged Hungary. The pictures made me sick that he chose to show Hungarians who so valiantly rebelled against as victims of socialism rather that the victims of Soviet (Russian) barbarism.

  6. Yeah, Thomas Peterffy whines about regulation, citing entities that protects citizens such as OSHA. Meanwhile, he made his money in digital stock trading with a lower tax rate than ordinary Americans, now from his posh Palm Beach estate.

    Typical right-wing hypocrisy, especially that nobody--including Bernie Sanders--is calling for Hungarian-style socialism. What is being called for is that the wealthy shoulder more of the burden, since they also have more of the spoils--to the tune of half of all U.S. wealth, and skewing worse in recent decades.


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