In fact, he was a deeply flawed individual in many respects. However, he was wise enough to recognize that the the dramatically increased productivity enabled by the moving assembly lines that had been introduced in his factories in 1913 meant he could pay his workers better, thus enabling them to spend more so they could buy products like the Model Ts coming from those same factories.
Despite the fact that higher wages would cost him more up front, he realized that filling wallets would ultimately benefit his business in the long run by stimulating demand. If only more of today's executives would recognize that stagnant middle and working class incomes go hand in hand with overall economic malaise we might actually start to make some progress on growing the economy.
Henry Ford, When Capitalists Cared
Henry Ford recognized that business succeeds when workers do.
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What's the difference between this story and Solyndra? Nothing. Both are a myth from people that are economically illiterate.
What's the difference between this story and Solyndra? Nothing. Both are a myth from people that are economically illiterate.
This has nothing to do with Solyndra. Ford realized a huge productivity gain from new manufacturing processes and recognized that he could help his employees buy the products they were building without raising his costs. The result was a jump in sales that led to huge profits.
With Solyndra, the Department of Energy made what was essentially a venture capital investment in a startup that ultimately was not successful. That's how the VC business works. Most of the startups fail with some percentage generating a big enough return to subsidize the failed efforts.
While Solyndra may not have been succesful, the loss was peanuts compared to the nearly $2 trillion spent on two wars over the past decade with results that may or may not be any more successful by the time it's all done.
This has nothing to do with Solyndra. Ford realized a huge productivity gain from new manufacturing processes and recognized that he could help his employees buy the products they were building without raising his costs. The result was a jump in sales that led to huge profits.
With Solyndra, the Department of Energy made what was essentially a venture capital investment in a startup that ultimately was not successful. That's how the VC business works. Most of the startups fail with some percentage generating a big enough return to subsidize the failed efforts.
While Solyndra may not have been succesful, the loss was peanuts compared to the nearly $2 trillion spent on two wars over the past decade with results that may or may not be any more successful by the time it's all done.
+Sam Abuelsamid Sollyndria is not how the VC business works because in the VC business the venture capitalists spend their own money. if they make enough failed investments then they run out of money. If they get enough investments right than wrong then yes the it pays for itself. Then the government says you didn't build and if Obama has his way he will take 39%. in taxes. The Obama adminstration spent other peoples money.. and when the lose money it only justifies the spending of more money.. But even if Sollyndria was a successful "investment" the costs and the risks were socialized and the profits were privatized. In crony capitalism corporate welfare I find it odd that the far left those that fear corporations are the exact same people that want to fund corporations.
+Sam Abuelsamid Sollyndria is not how the VC business works because in the VC business the venture capitalists spend their own money. if they make enough failed investments then they run out of money. If they get enough investments right than wrong then yes the it pays for itself. Then the government says you didn't build and if Obama has his way he will take 39%. in taxes. The Obama adminstration spent other peoples money.. and when the lose money it only justifies the spending of more money.. But even if Sollyndria was a successful "investment" the costs and the risks were socialized and the profits were privatized. In crony capitalism corporate welfare I find it odd that the far left those that fear corporations are the exact same people that want to fund corporations.
+Sam Abuelsamid does +Walter Lounsbery actually READ the articles(this one and your bankruptcy one) that you post? You can see why Rep Ryan and others can say the things they do when they can just make up the facts to support their policies or I should say, try to decimate the other side because they really have no concrete/actual policies.
+Sam Abuelsamid does +Walter Lounsbery actually READ the articles(this one and your bankruptcy one) that you post? You can see why Rep Ryan and others can say the things they do when they can just make up the facts to support their policies or I should say, try to decimate the other side because they really have no concrete/actual policies.
Did O'bama read your post before he wrote his speech?
"We believe that when a CEO pays his autoworkers enough to buy the cars that they build, the whole company does better."
http://www.nytimes.com/2012/09/06/us/politics/president-obamas-full-remarks-from-the-democratic-national-convention.html?pagewanted=all
Did O'bama read your post before he wrote his speech?
"We believe that when a CEO pays his autoworkers enough to buy the cars that they build, the whole company does better."
http://www.nytimes.com/2012/09/06/us/politics/president-obamas-full-remarks-from-the-democratic-national-convention.html?pagewanted=all