Things change and different generations behave differently. Nevertheless, the parent complains about leadership behavior, not about children behavior.
I do, however, agree with the spirit of quote; it's just that it started to become really applicable a few generations ago (or, depending on how you think of it, such a mentality was always a major current of colonized America, but it really gained cultural ascendency in the 70s as we ran out of easy ways to extract wealth while plausibly "improving" things).
FWIW, that quote isn't from Socrates https://quoteinvestigator.com/2010/05/01/misbehave/
-Socrates