No, yours is the uncharitable explanation.
In reality it shows that Ford understood that all of us are in this together (“The owner, the employees, and the buying public are all one and the same”) – and we take it that Ford was not only referring to his own employees but to all employees. So if you want the public to be able to by your goods then we ought to recognise that the public must be able to afford those goods. By extension, even though a capitalist might want to increase profits by keeping wages low he must realise that he decreases the market for his own goods – if enough owners think this way – (“and unless an industry can so manage itself as to keep wages high and prices low it destroys itself, for otherwise it limits the number of its customers”). To sum it up, (“One’s own employees ought to be one’s own best customers.”) doesn't mean that every single one of your employees will buy your product – rather it's an aspirational statement encouraging all owners to pay their employees a living wage and not to myopically fixate on margins and the bottom line.
It would be showmanship if Ford said this and then turned around and paid his employees crap and worked them to the bone, but
“In 1914, Henry Ford made a big announcement that shocked the country. It caused the financial editor at The New York Times to stagger into the newsroom and ask his staff in a stunned whisper, “He’s crazy, isn’t he? Don’t you think he’s crazy?”
That morning, Ford would begin paying his employees $5.00 a day, over twice the average wage for automakers in 1914.
In addition, he was reducing the work day from 9 hours to 8 hours, a significant drop from the 60-hour work week that was the standard in American manufacturing.”
http://www.saturdayeveningpost.com/2014/01/03/blogs/post-per...
You're the uncharitable one. You're either a sink-or-swim type or dead cynical because I can't believe you're not intelligent enough to be able to take what Ford said at face value.
I watched a video today about a young American describing his visit (for a sprained foot) to a clinic in the Netherlands and an emergency room in Germany. He recounted his visits because he was so shocked that at how little he had to pay for an X-ray and meds and how little time he waited to get a referral and how little time he spent in the hospital. I honestly think that there's something deeply damaged at the heart of the American psyche. You've no sense that you are “are all one and the same” to use Ford's words. You can't see why collectively paying taxes for healthcare (everyone's family has an illness at some point in time) and collectively bargaining for cheaper medicines from manufacturers might be overall a good thing. You can't see why paying regular folks a living wage benefits all of society, even those who have to do the paying. No man is an island, we're all in the same boat. But hey, I'm all right Jack, I've got mine huh? There's only so much inequity and hardship people will take before something breaks – history shows us this time and time again.