No enterprise, small or large, public or private, can remain self-governing, let alone successful, so deeply in hock to others as we are about to be.

Summary

This quote highlights the potential consequences of excessive debt on the ability of an enterprise to maintain independence and achieve success. It suggests that when an enterprise becomes heavily reliant on borrowing from others, whether it is a small or large organization operating in the public or private sector, its ability to govern itself and make decisions in its own best interest is compromised. Furthermore, the quote implies that persistent indebtedness can have detrimental effects on the overall success and stability of the enterprise.

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