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Henry Ford

by on March 29, 2013

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.

Henry Ford

pic: wikipedia

pic: wikipedia


From → Quotes

  1. Funny anecdote about that quote.

    I once tried to bring a typical pub-conversation back on track with it. Also gave some background on Ford’s success: conveyor-belt production lines that take division of labour to an extreme (see “Adam Smith” in the jokes section of this blog for more on that).

    Two weeks later, one of the people who had been listening at the time, told me: “You know…the failure of our current system is all one guy’s fault: HARRISON FORD.”


    Another thing I find worth pointing out is that Ford’s model-T was “too good to sale”, inasmuch as it didn’t break down, and sales dropped, to the point of putting the company in jeopardy!

    Huge PR efforts then shifted the focus in car-purchasing decisions from utility to fashion. New models every year, product placement, the rest is history!

    Related topic: planned obsolescence, famous story about light bulbs there, the punchline being that the conspirators were punished, but the lifespan of light-bulbs remained about the same.

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  1. Quotes – COLLECTED | Banks need Boundaries

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