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.
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On the privatisation of BT (November 1984).Nigel Lawson
This huge Commission building in Brussels, in the shape of a cross, is absolutely un-British. I felt as if I were going as a slave to Rome; the whole relationship was wrong. Here was I, an elected man who could be removed, doing a job, and here were these people with more power than I had and no accountability to anybody...My visit confirmed in a practical way all my suspicions that this would be the decapitation of British democracy without any countervailing advantage, and the British people, quite rightly, wouldn't accept it. There is no real benefit for Britain.
Tony Benn
Those who, in the nineteenth century, argued the dangers of a mass democracy in which a majority of the voters would have no stake in the country at all, had reason to be fearful. But the remedy is not to restrict the franchise to those who own property: it is to extend the ownership of property to the largest possible majority of those who have the vote. The widespread ownership of private property gives is crucial to the survival of freedom and democracy. It gives the citizen a vital sense of identification with the society of which he is a part. It gives him a stake in the future—and indeed, equally important, in the present. It creates a society with an inbuilt resistance to revolutionary change.
Nigel Lawson
When it's claimed, as it was last week on British television, that Muslims in Britain are victims of British intolerance - yeah right, 1600 mosques worth of intolerance so far, and still building - I think the truth is that, if they are victims of anything, it's Muslim intolerance, because if you are an ordinary Muslim, then surely the last thing you need is a bunch of Islamists speaking for you, because everything they do and say reflects back on you. When they try to force unwanted Islamic values into our education system, for example, or when one of their representatives crudely insults this country by comparing it with Nazi Germany, that reflects on all Muslims, because these people speak for all Muslims. Don't they? No? Well maybe somebody should tell them that.
Pat Condell
All the alleged key causes of SOE [State-Owned Enterprise] inefficiency—the principal-agent problem, the free-rider problem and the soft budget constraint—are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership—it is between concentrated and dispersed ownerships.
Ha-Joon Chang
From the ownership of women the concept of ownership extends itself to include the products of their industry, and so there arises the ownership of things as well as of persons.
Thorstein Veblen
Lawson, Nigel
Lawson, Nigella
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