“The only answer to Socialism was to build up by every means a property-owning democracy. Socialism promised to build up a great pauper State by its schemes for State relief, nationalization and doles, while the Conservative Party promised to build up a great property-owning, thrifty, and industrious State.”

— Harold Macmillan

Speech ('The Future of Conservatism') to the 1912 Club (16 February 1926), quoted in The Times (18 February 1926), p. 9.
1920s-1950s

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Harold Macmillan 26

British politician 1894–1986

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“… there was one principle underlying their approach to all these problems—a principle upon which they stood in fundamental opposition to Socialism. The Conservative objective was a nation-wide property-owning democracy. Both parties believed in a form of capitalism, but whereas their opponents believed in State capitalism they believed in the widest measure of individual capitalism. Man should be master of his environment, and not its slave. That was what freedom meant…. we of the Conservative Party must maintain that the ownership of property is not a crime or a sin, but a reward, a right, and a responsibility that must be shared as equitably as possible among all our citizens.”

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Harold Macmillan 26

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