“The successful sale of British Telecom... reveals a vast and untapped yearning among ordinary people for a direct stake in the ownership of British enterprise. Investment in shares has begun to take its place, with ownership of a home and either a bank or building society deposit, as a way for ordinary people to participate in enterprise and wealth creation. We are seeing the birth of people's capitalism.” PeopleWayHomeWealthSuccessfulSeeingShareCreationBuildingBirthOrdinaryCapitalismDirectInvestmentBritishEnterpriseStakesYearningOwnershipOrdinary PeopleWealth CreationDepositsTelecom Author:Nigel Lawson
“By laying the groundwork for a system centered on home ownership rather than the public housing popular in Europe, the New Deal made possible the great postwar housing boom that populated the Sun Belt and boosted millions of Americans into the middle class, where, ironically, they often became Republicans.” MadeHomeDealsClassMillionsSunMiddleRepublicanEuropeMiddle ClassOwnershipHousingBeltsNew DealGroundworkHome OwnershipPublic Housing Book:The Defining Moment: FDR's Hundred Days and the Triumph of Hope Source: The Defining Moment: FDR's Hundred Days and the Triumph of Hope
“The broad rich acres of our agricultural plains have been long preserved by nature to become her untrammeled gift to a people civilized and free, upon which should rest, in well-distributed ownership, the numerous homes of enlightened, equal, and fraternal citizens... Nor should our vast tracts of so-called desert lands be yielded up to the monopoly of corporations or grasping individuals, as appears to be much the tendency under the existing statute.” PeopleShouldWellsLongHas BeensHomePoliticsIndividualEconomyRichLandCitizensEqualTendenciesCorporationsLiberalismEnlightenedCivilizedBroadsOwnershipMonopolyGraspingAcresStatutesFraternal Author:Grover Cleveland