overproduction
Overproduction: The absurdity of suffering amidst surpluses

Overproduction: The absurdity of suffering amidst surpluses

Introduction A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t...

Production, overproduction and overproduction crises

Production, overproduction and overproduction crises

Author’s note: The following article was mostly written before Donald Trump became president-elect. His electoral victory if anything strengthens the thesis presented that imperialist governments, led by the U.S., will soon shift from a focus on monetary policy toward...