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.
About this quote
- What does it mean?
- Ordinary people want ownership stakes in enterprises, leading to a broader capitalism.
- In plain terms
- People want to own shares and businesses, not just work for them.
- What can you take from it?
- Enable ordinary people to own parts of businesses.
Where it applies
Putting it to work
Questions to consider
- Who benefits most when more people own shares?
- Is ownership the best way to participate in wealth creation?
Another view
Stock ownership carries risk and may not benefit everyone equally.
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