overproduction, n.Definitions

Overproduction (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠always the competitor's fault, as far as each individual capitalist is concerned.

Overproduction (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠what happens when capital is applied by non-owners, who do not anxiously weigh the limits of their own purse.

Overproduction (n.) and ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠the swindling that goes with it stretch the productive forces to their limit, even beyond the barriers of capitalist production itself.

Overproduction (n.) grows ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠more frequent the more developed capitalism becomes — machinery outrunning the plants and animals it feeds on, and dragging booms and busts behind it.

Overproduction (n.) never ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠seemed possible to a Manchester manufacturer in 1843: how could they make too much, with 300 million people in China to clothe?

Overproduction (n.) arrives ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠exactly when capitalist production exerts all its forces, because sales are limited not by society's needs but by the needs of a society whose great majority are always poor and must always remain poor.

Overproduction (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠admitted for capital and denied for goods by economists like Fullarton — which only proves how unable even the best bourgeois economists are to understand their own system.

Overproduction (n.) means ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠part of society's labour-time was wasted: the goods carry more labour than the market will count, until production comes under society's genuine prior control.