Capitalism for the Multitude

摘要

The securities industry association and the Investment Company Institute—the trade groups for stockbrokers and mutual funds—recently released a survey showing that 48 percent of U.S. households now own stocks or stock mutual funds. This is a huge increase from the 19 percent in 1983 and may be the highest level in history. The explosion in stock ownership ranks as one of the great social movements of the 1990s and, in the eyes of many, represents a significant achievement.