“Thomas Jefferson dreamed of a land of small farmers, of shop owners and merchants. Abraham Lincoln signed into law the “Homestead Act” that ensured that the great western prairies of America would be the realm of independent, property-owning citizens-a mightier guarantee of freedom is difficult to imagine.
I know we have with us today employee-owners from La Perla Plantation in Guatemala. They have a stake in the place where they work and a stake in the freedom of their country. When Communist guerrillas came, these proud owners protected what belonged to them. They drove the Communists off their land and I know you join me in saluting their courage.
In this century, the United States has evolved into a great industrial power. Even though they are now, by and large, employees, our working people still benefit from property ownership. Most of our citizens own the homes in which they reside. In the marketplace, they benefit from direct and indirect business ownership. There are currently close to 10 million self-employed workers in the U. S.-nearly 9 percent of total civilian employment. And, millions more hope to own a business some day. Furthermore, over 47 million individuals reap the rewards of free enterprise through stock ownership in the vast number of companies listed on U. S. stock exchanges.
I can’t help but believe that in the future we will see in the United States and throughout the western world an increasing trend toward the next logical step, employee ownership. It is a path that befits a free people.”

— Ronald Reagan

Speech on Project Economic Justice http://www.cesj.org/about-cesj-in-brief/history-accomplishments/pres-reagans-speech-on-project-economic-justice/ (The White House, 3 August 1987)
1980s, Second term of office (1985–1989)

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Ronald Reagan 264

American politician, 40th president of the United States (i… 1911–2004

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