On the record
Over-production means merely and simply a want of purchasing powers amidst the workers.
Said by
Petr Alekseevich Kropotkin
Source
gutenberg.orgPetr Alekseevich Kropotkin: “Over-production means merely and simply a want of purchasing powers amidst the workers.”
Editor's note · Context
Kropotkin defines over-production as a symptom of inadequate purchasing power among workers, rather than an excess of goods.
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More from Petr Alekseevich Kropotkin
Already during my stay at Clairvaux I saw the necessity of completely revising the formula itself of ‘struggle for existence’ in the animal world, and its applications to human affairs.
But in all civilized countries the production, both agricultural and industrial, ought to and easily might be immensely increased so as to secure a reign of plenty for all.
Or, ‘We don’t like the idea of state management of railways, and the present management by private companies is organized robbery.
But suppose the workers owned all the railways.
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