Monday, May 26, 2014

A Capitalist Who Understands The Value Of Labor

Henry Ford, despicable anti-Semite that he was, at least understood the marketing value of having employees who could not only stand behind his product, but use it as well.  That's why he paid his employees enough money so that they could buy the cars they built for him.

It's reassuring to know that one of his descendants understands as he did that labor and capital need each other--and is willing to talk about it publicly.  Capitalism would be in better shape if there were more capitalists like this.

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