Nor do I understand how anyone can feel that industrial progress has been made at the expense of social progress nor why any American should suffer from the great delusion that any form of communism or statism, which promotes the dictatorship of the few instead of the initiative of the millions, can produce a happier and more prosperous society.
The way to advance the nation's prosperity and achieve higher standards of living for all is through science and technology, taking advantage of better tools, methods and organization, and substituting machines and power for human backs.
Costs of manufactured articles importantly depend on the cost of raw materials as well as labor, and the prices of many raw materials do not fluctuate directly with the labor cost of producing them.
For years I thought that what was good for our country was good for General Motors, and vice versa. The difference did not exist. Our company is too big. It goes with the welfare of the country. Our contribution to the nation is considerable.
No plan can prevent a stupid person from doing the wrong thing in the wrong place at the wrong time - but a good plan should keep a concentration from forming.