Robert wrote (see below):
One of the major problems is the way we think. The problem is not in any
way overproduction - but underproduction.
Overproduction implies that all consumers have everything they want - an
obvious error.
It just looks like overproduction.
Harry
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In response to Alan Scharf and Thomas Lunde
Two reasons (among others) for overproduction can be:
1. Rising costs for repairing the damages caused by industrial
production
(ecology, health, security systems) lead to sinking money for private
consumption.
2. Economic theory is not aware of the
In response to Alan Scharf
Thanks, Alan, that was very insightful and your right, in my complaint
about the discrepancy I forgot/did not know/wanted to draw attention to a
different viewpoint. However, you are right, one is apples and the other
is oranges. However at some level their has to be
