The American Dream is not about gadgets. It’s not about the size of our gross national product. It’s not about the level of technological sophistication. The American Dream is about man. It’s about broadening the opportunities and facilitating the growth of every human being, so that each person can reach out and achieve a sense of purpose and fulfillment.

I'm proud of the role the American labor movement has played historically in fighting to make education possible for everyone's child. We share the belief that every child is made in the image of God and that every child ought to have the right to an educational opportunity that will enable that child to grow intellectually and spiritually and culturally—not limited by antiquated classrooms, overcrowded classes, or underpaid teachers—but limited only by the capacity which God gave that child to grow.

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I happen to believe that this is the crux of where we're going in terms of the future of the American economy. I think that the basic problem is to find a way to work out the competing equities among the three groups—the worker, the stockholder, and the consumer—so that we share the abundance in a way that would create the dynamics of growth and expansion.

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The problems of tomorrow require whole new concepts of how a free economy can work. As the tools of production become more productive, it means that we've got to find the markets by which people can absorb this greater productivity. Unless the fruits of technology are shared among workers and stockholders and consumers more equitably, the economy gets in trouble because you develop a lag between the ability to create wealth on the one hand, and the inability of people to consume the wealth that we know how to create.

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You cannot make peace and freedom secure in the world as long as hundreds of millions of people are denied the necessities of life, so long as millions and millions of people are committed to belong to the have-not nations, and they and their children are denied the right to achieve economic and social justice.

When we get to the place in the development of our society where the tools of abundance can take care of the material needs of the outer man with less and less human effort, the real emphasis then has to be shifted to enabling the inner man to grow.