Churchill on Employee Ownership

In Winston Churchill's maiden political speech in 1897 at Claverton Manor, he said he believed, and hoped, that "the labourer will become, as it were, a shareholder in the business in which he works." Churchill was excoriating both liberals and conservatives at the time, suggesting alternative approaches. He added that he did not see this happening any time soon, though. The quote appears in William Manchester's book The Young Lion (p. 294).