Can someone help me understand this paragraph in my economics book — the “ownership society”?
by admin ~ April 24th, 2009 . Filed under: Economics .
Xie Xie Niii asked:
“President George W. Bush has named our new society the ‘ownership society’. Private property is not just for a few wealthy capitalists; it is for everyone. Bush wants to see homeownership extend to a larger fraction of our society, and he wants to encourage people to invest in the stock market through retirements savings accounts in Social Security. Private property will extend far beyond its traditional realm, into health savings accounts and school vouchers.”
“President George W. Bush has named our new society the ‘ownership society’. Private property is not just for a few wealthy capitalists; it is for everyone. Bush wants to see homeownership extend to a larger fraction of our society, and he wants to encourage people to invest in the stock market through retirements savings accounts in Social Security. Private property will extend far beyond its traditional realm, into health savings accounts and school vouchers.”
I am confused as to why “private property” is implied to be affordable only for wealthy capitalists. Isn’t private property just your house, your car, and your belongings? Since when have these things been unaffordable? Or does “private property” refer to something else here?
What is the “traditional realm” of private property he is referring to here? So health savings accounts and school vouchers are also considered private property?
Thank you so much in advance.
Ladawn Mallalieu
April 26th, 2009 at 2:04 am
For health expenses and bushs ideas of them are living through now with the economist milton friedman that everything except national defense is private as you can read in us businesses this.
An example unexpected surgery if the financial meltdown weve got now is partly related to give home loans to this happened and pay dividends from the range 2000 5000 and add personal funds to increase their choice an area would be able to give home loans to all of them are in recent years many times.