Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: June 8, 2025
That the extraordinary reply made by genius and talent to the demand thus created and encouraged should last indefinitely could not be expected: that the demand itself should lead to overproduction and glut was certain.
Nature buffets her children bitterly and wipes out her surplus of human life as she destroys the overproduction of beast and bird, of insect and reptilian life. She inspires the minds of men with an overmastering desire for possessions. She hides her wealth in inaccessible places and sets her jealous, invisible forces to guard and determinedly hold all possible avenues of approach to them.
These three questions point at the principle of landowning. Another question rises: Is it good for a nation for the great majority to retain life only on condition that there is someone ready to pay wages for their work and able to discard them? Their spontaneous industry causes overproduction, and leads to the dismissal of many workmen.
Apart from these special circumstances, the seeming crisis of the year 1851 was, after all, nothing but the halt that overproduction and overspeculation make regularly in the course of the industrial cycle, before pulling all their forces together in order to rush feverishly over the last stretch, and arrive again at their point of departure the General Commercial Crisis.
Occasionally they had brief periods of what they called good times, resulting from a little brisker buying, but in the best of what they called good times the condition of the mass of the people was what we should call abjectly wretched." "What was the term by which they most commonly described the presence in the market of more products than could be sold?" "Overproduction."
The books which the last generation transmitted to us were, after all, the books best worth our consideration; and we may be confident that the books we shall pass along to the next generation will be as wisely selected. Out of the wasteful overproduction only those works emerge which have in them something that the world will not willingly let die.
Whenever the overproduction was so great that the English traders left part of the crop in Virginia, it was the planter of the middle class that was apt to suffer most, for the merchants could not afford to affront the wealthy and influential men of the colony, by refusing to transport their crops.
In that message I analyzed the causes of the collapse of 1929 in these words: "over-speculation in and overproduction of practically every article or instrument used by man. . . millions of people, to be sure, had been put to work, but the products of their hands had exceeded the purchasing power of their pocketbooks. . . . Under the inexorable law of supply and demand, supplies so overran demand which would pay that production was compelled to stop.
It was quite obvious that the fall in prices was due to overproduction. The English first attempted to alleviate the condition in 1619 through monopolistic control. Negotiations were conducted with the Virginia Company of London, Henry Somerscales, and Ditchfield in 1625.
But the friend of the proletariate, whenever occasion served, treated the proletariate like a deadly enemy. In seasons of overproduction, as it was called, it locked the workmen out or laid them off, and left their families to starve, or ran light work and claimed the credit of public benefactors for running at all.
Word Of The Day
Others Looking