Career · Entrepreneur memoirs

Henry Ford:My Life and Work, Additional Excerpt 355

Henry Ford《My Life and Work》· My Life and Work · Leadership

If we can get away from charity, the funds that now go into charitable enterprises can be turned to furthering production--to making goods cheaply and in great plenty. And then we shall not only be removing the burden of taxes from the community and freeing men but also we can be adding to the general wealth. We leave for private interest too many things we ought to do for ourselves as a collective interest. We need more constructive thinking in public service. We need a kind of "universal training" in economic facts. The over-reaching ambitions of speculative capital, as well as the unreasonable demands of irresponsible labour, are due to ignorance of the economic basis of life. Nobody can get more out of life than life can produce--yet nearly everybody thinks he can. Speculative capital wants more; labour wants more; the source of raw material wants more; and the purchasing public wants more. A family knows that it cannot live beyond its income; even the children know that. But the public never seems to learn that it cannot live beyond its income--have more than it produces.

Source: https://www.gutenberg.org/ebooks/7213
Locator:Additional excerpt 355 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

What does this passage say about how you work today?

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