An Old Debate Returns
After World War II when America decided to follow Alexander
Hamilton's model instead of the Jeffersonian system, a number of changes
occurred which now haunt our generation. Jefferson envisioned a nation of small
farm, shop and business owners that spread around leadership and prosperity,
while Hamilton preferred a mercantile system with a few wealthy owners
employing the large majority of the populace.
Hamilton felt that an increase in wealth among the leading
families would make up for the reduced freedom and less-widespread prosperity
under a mercantile economy--after all, this was the model used by the most
powerful nations in Europe.
Ironically, we have now reached a point where the greatest
challenges we face are caused by the mercantile system and can likely only be
solved by an entrepreneurial mindset.
Funny how history pulls these types of
pranks.
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