In English:

Cycle of Economic Development (CED). CED is a wealth creation theory that states that every society on earth goes through a cycle of wealth creation and wealth dissipation that lasts roughly equivalent to a standard family wealth cycle: first generation creates it through productivity and the 3rd or 4th generation dissipates it entirely through slothfulness or poor investment acumen due to the inability of understanding how things work because they have not been required to do so.