Signs of the Times

Vital Speeches of the Day

George Champion Chairman of the Board The Chase Manhattan Bank in Vital Speeches of the Day Pelham, New York

Our present impersonal mass approach to welfare fails to take into account the potential ambition and economic vigor of the average individual. ... I am deeply convinced that if we are to make significant strides in the war on poverty, we must gear our efforts to realize the great potential of the individual. We must concentrate on the development of his fullest capabilities as an independent being, rather than a ward of the Federal government. . . .

The approach I'm suggesting might be called "incentive welfare," and involves three primary elements: motivation, training and job opportunity.

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July 20, 1968

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