cryptoleft

I'm German.

16 years ago, the EU and US economies were neck and neck.

Today, the US economy is 50% larger than the entire EU combined.

Here's the devastating truth behind Europe's ongoing economic suicide 🧵: https://t.co/aVoshCbSKK

Europe and China were on a path to surpass the US economically but both embraced socialism, and destroyed their chances.

Socialism never works. This experiment has been run many times. Yet it keeps getting tried - humans are drawn to it like a moth to a flame.

Btw, the US was…

Brian Armstrong

https://x.com/brian_armstrong/status/1879716546819563929

Meanwhile the us government is about to buy large amounts of bitcoin from and chartered by coinbase and they will still talk about how socialism never works in any form without any sense of irony.

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In the tweet Brian Armstrong talks about how socialism (government intervention) destroys growth and that price ceilings will destroy growth, but having the government buy bitcoin is government intervention and causing a price floor, which I'm sure Brian Armstrong isn't objecting to here. If he actually believed his tweet, he would be up in arms over the government intervention in the government buying bitcoin and using his money to stop trump from doing it. But since this socialism benefits him, I doubt he's gonna rag on about the growth this will destroy.

I don’t get the connection please expand