No, this is a very misleading comparison. Schmidt (and others) have found a way to commodify your personal information and how to transfer ownership of your data, and as such wealth, from you to Google.
They're not the 21st equivalent of Henry Ford, they haven't unleashed new modes of production that suddenly unleash growth and drive down prices of material goods and services, they've figured out a way to turn attention into a mechanism to redistribute money upwards.
Similarly most people wouldn't be too happy about a physical newspaper or a TV that tracked their eyeballs as they read/watched it - at least not without an opt-out option.
And yet this is very close to what Google does, albeit hidden behind the distancing effect of a search engine and a web browser.
Should we really be grateful?
That said, your comparison strikes me as rather reductive. Google Search, Maps, Chrome, YouTube, Android, and so on, are all things that have had a measurable impact on my life, and quite a bit of it positive.
I'd like to think these things could've happened without all the bad stuff that funds it, but at the very least I can't just dismiss all of it.
Also, the idea of paying to use a free service is an oxymoron. Google is not and has never been free, it is ad supported, and it has ruined the internet by normalizing this behavior.
You keep repeating this as if it is somehow axiomatically good.
The surveillance capitalism business model is not one we should be proud of in any way.
Well, he did understand how to turn the customers data into a product. He is one of the key persons who formed the whole data economy thing; that's quite a big deal - he formulated the way of making money for the 21st century.
Once upon a time money was in producing stuff, now stuff and people are so much varied so that the main problem is that of pushing adds. This is the way that this age got the tool to keep it going...
Of course the system has its bugs that can be called 'features'