iMarx

Henry Ford is an odd character. His ponderings on labour and capital seem quite reasonable but surprise, surprise, the major beneficiary of his leanings is capital.

He doesn’t directly address the question as to why the profits aren’t owned by the workers that were involved in creating those profits.

Instead they’re owned by the shareholders that did nothing, not even invest in the case of Ford. He bought most of his shares using dividends.

He keeps referring to the partnership between the company and the workers but in reality that wasn’t true at all. Supply and demand forces ceded all power to the company.

At least Ford was sufficiently embarrassed by his wealth to the extent that he fabricated a flawed capitalist counterpoint to the work of Marx.