Words of Economic wisdom from Henry Ford

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When I get people trying to convince me that the current economic model is right, that we should be celebrating outsourcing, offshoring, downsizing, wage cuts for the sake of profits, and the persuit of money for moneys sake, I turn to the wisdom of the past, the Industrialists. Today, I turn to Henry Ford:

"Where people work longest and with least leisure, they buy the fewest goods. No towns were so poor as those of England where the people, from children up, worked fifteen and sixteen hours a day. They were poor because these overworked people soon wore out -- they became less and less valuable as workers. Therefore, they earned less and less and could buy less and less."

"There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible."

"We try to pay a man what he is worth and we are not inclined to keep a man who is not worth more than the minimum wage."

"A business that makes nothing but money is a poor business."

"It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages."

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

"Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services."

"The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed."

"Time and money spent in helping men to do more for themselves is far better than mere giving."

"What's right about America is that although we have a mess of problems, we have great capacity - intellect and resources - to do some thing about them."

"When everything seems to be going against you, remember that the airplane takes off against the wind, not with it."

"You will find men who want to be carried on the shoulders of others, who think that the world owes them a living. They don't seem to see that we must all lift together and pull together."

"Money the root of all evil, unless used for good purpose."

"You can take my business, burn up my building, but give me my people and I'll build the business right back again."

"You can't build a reputation on what you're going to do"

downix's picture
Oct. 12, 2010 11:04 am

Currently Chatting

First Columbia took on their drug lords, now they're taking on their billionaires...why can't we?

America’s billionaires are driving this nation’s poverty epidemic. But it doesn’t have to be that way.

As we speak, working-class Americans are getting screwed over by policies that favor the wealthy elite, and leave everyone else in the dust. As a result, more and more Americans are living in poverty.

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