4 ms·
Robots and materials and a few technical staff to run an automated factory all cost money. That money is only spent when there is an expectation of return. That
by pekk 14y ago
Robots and materials and a few technical staff to run an automated factory all cost money. That money is only spent when there is an expectation of return. That return comes from selling the output of the factory. Nobody will pay others to consume. The typical person is dependent on a job and if unemployment is bad, they'll scrape. Ford won't rescue them.
- eli_gottlieb 14y agoFord, like many other capitalists of his day, actually recognized that overproduction could happen and could result in a Crisis of Capitalism (ie: as predicted by Marx). He didn't like Marxism, though, so he instead set out to structure his company in such a way as to become part of an economically self-sustaining engine that could actually afford to eat its own output.