"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."

Source : "The View from No. 11: Memoirs of a Tory Radical". Book by Nigel Lawson, 1992.

Nigel Lawson

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