You are the Master of your Fate, the Captain of your Soul.
Henry FordRead
There should be no unemployment. There is large percentage of labor now which cannot make a living because wages are not high enough. That is industry's 2nd job. 1st job is to make good product. 2nd pay a good wage.
Interpretation
Henry Ford emphasizes the importance of fair wages and quality products in ensuring employment and economic stability.
In this quote, Henry Ford argues that unemployment should not exist if industries responsibly provide fair wages alongside producing quality products. He believes that it is an organization's duty to not only focus on manufacturing good products but also to ensure that the wages paid to workers allow them to sustain a living, underscoring a connection between ethical business practices and economic health.
In practice
During a labor rights conference to advocate for fair wages in industries.
You are the Master of your Fate, the Captain of your Soul.
Work mixed with management becomes not only easier but more profitable. The time is past when anyone can boast about 'hard work' without having a corresponding result to show for it.
An Airplane takes off against the wind, not with it.
Merely gathering knowledge may become the most useless work a man can do. What can you do to help and heal the world? That is the educational test.
I cannot discover that anyone knows enough to say definitely what is and what is not possible.
A dollar put into a book and a book mastered might change the whole course of a boy's life. It might easily be the beginning of the development of leadership that would carry the boy far in service to his fellow men.
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
The trouble with capitalism as a system is that only those who have or can get capital can make it work for them, and that leaves out damn near all of us.
The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
If low taxes were the way that people like me created wealth, then we'd be starting our companies in the Congo or Somalia or Afghanistan, but we're not. We come to places where there are lots and lots of customers.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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