Henry Ford used a manufacturing technique that was relatively advanced for the manufacture of horseless carriages. This technology, like most such advances, allowed and even required a division of labor that dramatically increased the productivity of manufacture, and this in turn allowed for a dramatically lower price for the automobiles he made.
The combination of productivity enhancement (assembly line technology) and sales volume in a free market context (cheaper horseless carriages) combined to allow him to pay enough to hire the workers with the best work ethics.
Of course, being a pretty smart salesman and public relations brain, he made it sound like he paid his workers more to make himself richer. Yeah, right. He also sold you a Brooklyn Bridge. 1908 was also the time of the presidency of the most famous “progressive” president, and so the doublespeak was strong at the time.
Henry Ford only used the lying doublespeak of the left-fascists of the day to promote his car and make it sound more “affordable” than even the technology allowed.
It is no anomaly that South Korea has the 12th largest economy in the world, about FORTY times bigger than North Korea’s. North Korea allows ZERO “unfettered capitalism”. South Korea allows a lot more than the USSA. They started out at the same economic levels at the end of World War Two
..Those are numbers that the Keynesians hate and that’s why you never see them talking about it in the left-fascist news cartel sources.
Singapore has one of the lowest tax rates in the world and has the highest per-capita GDP in the world.
Hong Kong with its capitalist success and freedom for doing business (for both poor and rich), that Beijing decided to keep their economic regime (and a lot of the political freedom they had), and even opened more zones to replicate it.
Chile freed the market from a lot of its fetters and chains that had been imposed by the Marxist Allende, and has become the first and so far only Latin American country to join the club of developed nations.it is certainly the richest.
In fact as part of their legislative project to find a way to get free from so much poverty, Honduran legislators and officials invited business executives and government officials from Chile to Honduras to share what they’ve learned. They sent delegations to Hong Kong, Singapore, Chile, South Korea, to learn from their successes, and the special economic zone established by Abu Dhabi.
OF course they learned that you cannot decrease poverty by subsidizing it. You help the poor by letting them enjoy the fruits of their labor and you let them do business as they see fit on a level playing field, and eliminating the confusing maze of rules and regulations that keep them down.