America's greatest days are yet to come.

We are in a painful transition period. Our government is crushingly expensive, failing at its basic functions, and unable to keep its promises. It does not work and it cannot continue as it is. But the inevitable end of big government does not mean the end of America. It only means the end of one phase of American life.

America is poised to enter a new era of freedom and prosperity. The cultural roots of the American people go back at least fifteen centuries, and make us individualistic, enterprising, and liberty-loving. The Founding generation of the United States lived in a world of family farms and small businesses, America 1.0. This world faded away and was replaced by an industrialized world of big cities, big business, big labor unions and big government, America 2.0. Now America 2.0 is outdated and crumbling, while America 3.0 is struggling to be born. This new world will bring immense productivity, rapid technological progress, greater scope for individual and family-scale autonomy, and a leaner and strictly limited government.

America has made one major transition already, and industrial America became an economic colossus. We are now making a new transition, which will surprise many Americans, and astonish the world.

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• Politics & Social SciencesPolitics & GovernmentUnited StatesFederal Government

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