Tilted Forum Project Discussion Community - View Single Post

pan6467 · 01-30-2005, 12:15 PM

Here's the quotes and speech by Ford:

There are two fools in this world. One is the millionaire who thinks that by hoarding money he can somehow accumulate real power, and the other is the penniless reformer who thinks that if only he can take the money from one class and give it to another, all the world's ills will be cured.
Topic: Fools

Link: http://www.worldofquotes.com/author/...d/1/index.html
=============================================================

The argument on my definition of capitalism: http://www.capitalism.net/articles/S...apitalism.html

"In this free-market environment, wages were determined by the law of supply and demand. Employers competed with one another for the services of workers. An employer who underpaid his workers would frequently lose them to those who paid a higher wage. The case of Henry Ford is illustrative. To attract the best possible workforce, Ford paid his workers five dollars a day at the very same time that his competitors were offering two and three dollars a day. It is a truly remarkable feat that as tens of millions of new immigrants poured into this country, wages continued to rise. "

However, today business will seek the lowest wages, instead of working towards better wages and employees. (My addendum)
http://www.ashbrook.org/publicat/onp.../thompson.html

http://www.mises.org/etexts/ecopol.asp#_Capitalism
================================================================
"I have found that higher wages do not mean increased costs, and if our material prices go too high, we will start making our own. We are making a part of everything we use and from the nucleus can readily expand to take care of any or all of our requirements if necessary." - Ford News, No Increase in Ford Prices, April 1934

"Higher wages are not an additional cost under proper management. Better-paid workmen are more willing and more efficient. Better material is not necessarily more expensive. On the contrary, it is always more economical." - Ford News, No Increase in Ford Prices, April 1934

http://www.tickintsofcentralohio.org...d%20Quotes.htm
================================================================

01-30-2005, 12:15 PM	#35 (permalink)
pan6467 Lennonite Priest Location: Mansfield, Ohio USA	Here's the quotes and speech by Ford: There are two fools in this world. One is the millionaire who thinks that by hoarding money he can somehow accumulate real power, and the other is the penniless reformer who thinks that if only he can take the money from one class and give it to another, all the world's ills will be cured. Topic: Fools Link: http://www.worldofquotes.com/author/...d/1/index.html ============================================================= The argument on my definition of capitalism: http://www.capitalism.net/articles/S...apitalism.html "In this free-market environment, wages were determined by the law of supply and demand. Employers competed with one another for the services of workers. An employer who underpaid his workers would frequently lose them to those who paid a higher wage. The case of Henry Ford is illustrative. To attract the best possible workforce, Ford paid his workers five dollars a day at the very same time that his competitors were offering two and three dollars a day. It is a truly remarkable feat that as tens of millions of new immigrants poured into this country, wages continued to rise. " However, today business will seek the lowest wages, instead of working towards better wages and employees. (My addendum) http://www.ashbrook.org/publicat/onp.../thompson.html http://www.mises.org/etexts/ecopol.asp#_Capitalism ================================================================ "I have found that higher wages do not mean increased costs, and if our material prices go too high, we will start making our own. We are making a part of everything we use and from the nucleus can readily expand to take care of any or all of our requirements if necessary." - Ford News, No Increase in Ford Prices, April 1934 "Higher wages are not an additional cost under proper management. Better-paid workmen are more willing and more efficient. Better material is not necessarily more expensive. On the contrary, it is always more economical." - Ford News, No Increase in Ford Prices, April 1934 http://www.tickintsofcentralohio.org...d%20Quotes.htm ================================================================ __________________ I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"