Titans of the 20th Century Prove Benefit of "Ownership Society"

Photograph by Michael Miller, The White House

Reflecting on the current debate to permit the option to personally invest and own a portion of social security deposits, I'm reminded of the concept of the "ownership society" that Margaret Thatcher first introduced in Great Britain in 1979. President Reagan, shown here escorting Prime Minster Thatcher to her last State Visit to the White House in 1989, adopted many of the same policies. The result was an economic boom which continues to this day. These two titans of the 20th Century faced virulent opposition towards every aspect of their policy, foreign and economic. History proved their critics WRONG. Today, we witness a similar struggle over the direction of progress and freedom. History has shown the way.

Excellent editorial on the political value of the ownership society on Opinion Journal.