Ford, the Greatest Businessman of the Modern World
While debating with Henry Ford, a boy named John Dahlinger came to think that the old man he had long admired held a rather narrow view of the education system. The boy shot back at Ford, "Grandpa, the world has changed. This is the modern age now." Hearing that, Ford smiled kindly and replied, "Son, I invented the modern age."
In the society before Ford, industrial output could rise but could not spread outward. Even as industrial output rose, goods had to be carried by horses (the animal) and donkeys, and it took at least 10 to 15 years to raise horses to match industrial demand and output. On the British stock market of Pax Britannica, the shares of horse-keeping and horse-breeding companies were the Hyundai Mobis and ExxonMobil of their day.
Because logistics grew more slowly than industrial output, Credit Money itself was hard to sustain. Credit Money can only hold up when GDP grows more explosively than the money supply expands, since that is what keeps Inflation from breaking out. But once automobiles were mass-produced, logistics could grow alongside industrial output. Consider that the S&P 500's forerunner, the Dow Jones Index, began as the Dow transportation average, and you can see how important logistics is. So much so that even the novel Brave New World divided history into Before Ford (BF) and After Ford (AF).
As the horse population fell dramatically with the First World War in the early 20th century, the shift to the automobile became the Zeitgeist. Britain, which failed to read that zeitgeist, created the Red Flag Act, a measure that held back the car industry, and lost that industry to Germany and France. He is a man who shaped modern society many times more than Edison did.
So why is Ford judged so harshly? I think it is because of the Jews who control the press. When J.P. Morgan used Jewish capital to take the steel king Carnegie's company, merged it into U.S. Steel and fixed steel prices, an enraged Ford wrote the book -b 국제유대인, had commemorative photos taken with Germany's Hitler and backed him. And the Jewish media empire then thoroughly undervalued this Ford.
Modern society still owes an enormous debt to Ford's assembly line and mass production of automobiles.
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