• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Commentary250 Years of Innovation

The Declaration of Independence was America’s first founding bet. Business leaders must build on it

By
Keith Krach
Keith Krach
Down Arrow Button Icon
By
Keith Krach
Keith Krach
Down Arrow Button Icon
April 26, 2026, 6:00 AM ET
Keith Krach is founder and CEO of Freedom 250, the national, nonpartisan organization leading the celebration of America's 250th anniversary. He is a former chairman and CEO of DocuSign and former U.S. Under Secretary of State for Economic Growth, Energy, and the Environment.
250
The America 250 logo is displayed at the New York Stock Exchange during morning trading on April 20, 2026 in New York City. Michael M. Santiago/Getty Images
Add Fortune on Google for similar content.

The American Dream looks different for everyone. Mine began at 12, working as a welder in my father’s small–town machine shop in Ohio. In good times, he had five employees and treated them like family. In tough times, I was the team. What he never lacked was a strong work ethic, a firm handshake, and a belief that if you treated people right, everything else would follow.

Recommended Video

My father may not have known it at the time, but he was living out the original American ideal. In the summer of 1776, 56 men made a decision that had no precedent and no guarantee of success. They pledged their lives, their fortunes, and their sacred honor on a single conviction: that individuals should be free to build their own lives, on their own terms. 

In the language of business, it was the ultimate founding bet. That a man running a machine shop in Ohio mattered just as much as any king. That was the bet. And it didn’t just create a country. It created the most powerful engine of value creation the world has ever seen.

We tend to remember the Declaration of Independence as a political document. But at its core, it is something even more consequential: the blueprint for an entrepreneurial system built on trust.

Such trust was radical. For most of human history, economic life was organized around hierarchy and fixed roles. You were born into your station. The Declaration said something different: your station is yours to determine. That single shift unlocked human potential on a scale the world had never seen.

I have spent my career building companies, and I have learned that trust is the most important word in any language. The Founders understood this instinctively. They were not just declaring independence. They were establishing the conditions for free people to act together, at scale.

Benjamin Franklin, when asked what form of government the Convention had produced, replied with a warning: “A republic, if you can keep it.” That responsibility now belongs to us. 

I’ve seen it in Ohio machine shops and Silicon Valley labs. In entrepreneurs who build without permission. In leaders with the courage to invest in a future others cannot yet see. In 250 years, the tools have changed. The spirit has not.

This is why Freedom 250 exists—not simply to mark a moment, but to catalyze a national renewal. To align leadership, communities, institutions, and families around a shared mission: sustaining liberty in a rapidly changing world.

Today, business leaders are navigating a world defined by rapid technological change, intensifying global competition, and uncertainty about what comes next. In an era of AI, data concentration, and platform dominance, the stakes are even higher. The instinct in uncertain times is often to centralize. But America was not built on bureaucracy. It was built by boldly pushing forward. True progress comes from expanding opportunity and the conditions that allow people to live free and thrive.

For leaders today, this is not abstract. It shows up in how you allocate capital, how you empower teams, and how you respond to uncertainty. The question is not whether to act, but whether to act in a way that expands freedom or constrains it.

Freedom does not guarantee success. My dad had years when orders dried up. But he kept going. And he taught me something I’ve never forgotten: the ability to try, to fail, and to try again is not a consolation. It’s the engine of progress. It’s how businesses are built. It’s how our nation was built.

Freedom is not inherited. It is entrusted. Each generation receives it from the last and is responsible for passing it forward, stronger than they found it.

That is the legacy Freedom 250 will carry into the nation’s 250th year.

America’s next chapter will not write itself. It will be written by leaders who choose to expand opportunity, take risks on people, and build in a way that strengthens freedom rather than concentrates power.

That is the spirit of Freedom 250. And it is far from finished.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

About the Author
By Keith Krach
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

jon
Commentaryphilanthropy
Shell Foundation CEO: climate tech works. Getting it to a billion people who need it is the hard part
By Jonathan BermanJune 26, 2026
7 hours ago
mj
CommentarySuccession
Morgan Stanley on life after selling your business: a roadmap for entrepreneurs
By Mark JansenJune 26, 2026
8 hours ago
nido
Commentary250 Years of Innovation
As an immigrant turned entrepreneur and college president, here is why I celebrate our nation as it turns 250
By Nido R. QubeinJune 25, 2026
1 day ago
Asia’s defense boom is rewiring the global arms supply chain
Commentaryarms, weapons, and defense
Asia’s defense boom is rewiring the global arms supply chain
By Chris OberoiJune 24, 2026
2 days ago
steve
Commentary250 Years of Innovation
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
By Steve CaseJune 24, 2026
2 days ago
t
CommentaryWhite House
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
2 days ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
2 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
3 days ago
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Economy
Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
By Nick LichtenbergJune 26, 2026
13 hours ago
Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
Economy
Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
By Tristan BoveJune 25, 2026
23 hours ago
The bond market knows something about the $39 trillion national debt that Washington doesn’t
Economy
The bond market knows something about the $39 trillion national debt that Washington doesn’t
By Eva RoytburgJune 25, 2026
22 hours ago
Current price of oil as of June 25, 2026
Personal Finance
Current price of oil as of June 25, 2026
By Joseph HostetlerJune 25, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.