http://goudsmit.pundicity.com/22578/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.
Our Founding Fathers lived at a time in history when “We the people” had little value. Societies were structured along binary feudal lines and divided between the ruling elite and the enslaved population who served them. Slavery was a matter of degree – from physical chains and ownership of another human being, to caste systems that predetermined social position, to social structures where populations were subjects of ruling monarchs, oligarchs, or subjects of the tyranny of religious theocratic rule.
Our Founding Fathers had a different idea. They decided to build a more perfect union, a representative democracy that valued the people of society and entrusted them with the responsibility of elections to choose their own leaders. It was a radical experiment in social policy that reflected a seismic shift in social attitudes.