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Brian Armstrong
@brian_armstrong
Co-founder & CEO @Coinbase. Creating more economic freedom in the world. Co-founder @researchhub @newlimit. Not investment advice.
加入 April 2008
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Capitalism is a powerful force for good. It benefits everyone, especially those who lean in and help build the future. But it’s under attack (again). Wealth taxes, price controls, government-run grocery stores, asset seizures. Fear is being used as a political lever and an excuse for control. I’ve seen this play out before, it leads nowhere good. I lived in Buenos Aires in 2008 when the Argentine government seized $30B in private pensions to ‘protect’ citizens from the financial crisis. Then they froze access to the dollar and nationalized companies. Within a decade, inflation was over 50%. The elites had miraculously moved their money, leaving regular people to take the financial hit. Politicians are selling collectivism out of the same playbook used by Argentina, Venezuela, and the former Soviet Union: promise protection, concentrate power, tighten the fist. And the costs fall on the poorest people in society who are unable to protect themselves. Capitalism isn't perfect. But it’s far better than every alternative that’s been tried. Millions of people making independent decisions, with the free market rewarding the best ideas, will out-build any central planner.
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