America and the Family Business Rule
There is an old saying in family businesses, “The first generation starts a business. The second generation runs it. The third generation ruins it.”
Metaphorically, our American family business is in the third generation.
Our Founding Fathers rejected monarchy, oligarchy, aristocracy, theocracy, and formed the United States of America as a Constitutional Republic – the greatest experiment in individual freedom and upward mobility anywhere in the world. What happened?
To answer that question we must examine the historical context of the three generations.
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