Henry Ford was a horrible man who treated his employees like children and had employment and pay structures which were deeply invasive in their personal lives. He hired private detectives to make sure they were "clean living" and sacked those who were left wing and/or politically active on the left.
Very rich people negotiate what income tax they will pay in a particular year with the Canton and they then live there. That way the Canton gets X million guaranteed revenue and the very rich person gets to pay bugger all tax as a percentage of their income. They do pay VAT and Property tax and local taxes etc. as Switzerland has a much broader tax base than us.
With the Shinners gaining support that's more likely to happen. I always hear the faint echo of jackboots when I hear them talking.
Yes, he knew that he needed to increase wages in order to increase productivity because he was running a production line and wages were a small proportion of his input costs. He also wasn't competing with an international market. That's a world away from the notion that increasing wages will automatically lead to an increase in productivity. Henry Ford couldn't retain the required number of people to run his business; he wasn't paying the market rate because he was the only person in the market and the work was harder that the old way of doing things. He found the market rate and retained the required number of employees.
No, wages increased may be required in order to achieve or sustain an increase in productivity but in isolation they are not the cause.
Not if the market is distorted through a small group of self serving people. It only works when the market is free (capitalism). Otherwise we get inflated packages awarded by a small group to each other.
Europe and the US are stagnating because Asia is more efficient and productive relative to labour costs. We need to compete with them, not make ourselves less competitive. That's fairness and equality on a global level.
Failed protectionist and socialist policies which overheated the economy have been misrepresented as capitalist by a left wing media. A capitalist system would have burned the bond holders, allowed the banks to fail and seen massive pay cuts and cuts in numbers all across the state sector.
Their holding of American Bonds (debt) is of far more concern.
Bertie was the only Socialist in the Dail. Harney was the leader of a small minority party but still managed to moderate expenditure and vcut top rates of tax. It was only when socialist Bertie was in power with the socialist Labour Party that things really went nuts.
No, vested interest groups ( an anathema to capitalism) including "Congress" and the Construction Industry Federation agitated to maintain and boost pro-cyclical economic policies while the country was awash with cheap money.
I know but it hasn't stopped you so far
