The Most Foolish Thing Ever Attempted in the Industrial World

Ford is know for having paid his workers $5 a day. Today we hear this and remember what a great man Ford was. At the time this is what the Wall Street Journal had to say:

The Wall Street Journal accused Henry Ford of “economic blunders if not crimes” which would soon “return to plague him and the industry he represents as well as organized society.” In a naive wish for social improvement, declared the newspaper, Ford had injected “spiritual principles into a field where they do not belong”--a heinous crime--and captains of industry lined up to condemn “the most foolish thing ever attempted in the industrial world.”

- Robert Lacey