I do ask the right hon. Baronet what is the meaning of overproduction? It means that too much is produced; and what can be thought of a country which produces so much, and where the great mass of the inhabitants possess so little? Does it not show that there is some mal-distribution of production? It is because we have lost sight of that science which teaches the right distribution of wealth...Those who are so fond of laughing at political economy, forget that they have a political economy of their own; and what is it? That they will monopolise to themselves the fruits of the industry of the great body of the community—that they allow the productions of the spindle and the loom to go abroad to furnish them with luxuries from the farthest corners of the world, but refuse to permit to be brought back in exchange what would minister to the wants and comforts of the lower orders. This, in one word, is the true reason why the mass of the people is at this time so wretchedly clothed and so miserably fed.

What economists call over-production is but a production that is above the purchasing power of the worker, who is reduced to poverty by Capital and State. Now, this sort of over-production remains fatally characteristic of the present capitalist production, because — Proudhon has already shown it — workers cannot buy with their salaries what they have produced and at the same time copiously nourish the swarm of idlers who live upon their work.
The very essence of the present economic system is, that the worker can never enjoy the well-being he has produced, and that the number of those who live at his expense will always augment. The more a country is advanced in industry, the more this number grows. Inevitably, industry is directed, and will have to be directed, not towards what is needed to satisfy the needs of all, but towards that which, at a given moment, brings in the greatest temporary profit to a few. Of necessity, the abundance of some will be based on the poverty of others, and the straitened circumstances of the greater number will have to be maintained at all costs, that there may be hands to sell themselves for a part only of that which they are capable of producing; without which, private accumulation of capital is impossible!
These characteristics of our economical system are its very essence. Without them, it cannot exist; for, who would sell his labor power for less than it is capable of bringing in, if he were not forced thereto by the threat of hunger?
And those essential traits of the system are also its most crushing condemnation.

Over-production is not possible in all branches of industry at once, but it is possible in some as compared to others.

We have arrived at a point today where, in practical, material terms, the world is probably richer than it has ever been. There are more products per capita in the world than at any time in human history. Never has there been felt the need for so many things. Never have there been so many storehouses bulging full with products. We have reached a point of massive overproduction, which takes co-operation to produce but has led to a sustained attack on each other in the competition to sell each other these goods

There will have to be three objects for farming and farm products. First, we must end over-production. The over-production that is taking place in Europe and the United States is damaging and obscenely wasteful. It is damaging to the environment, and it is obviously obscenely wasteful when products that are the result of over-production are being burnt in an attempt to maintain prices...Secondly, we must end export dumping. Instead, we must promote aid and trade policies that encourage self-reliant production, which is more protective of the local economy and less dependent on the economies of western Europe and of the United States...Thirdly, what happens to the political sovereignty of poor countries that do not have the infrastructure that is available in Europe and north America when they are told that, because of the debt crisis, they must open up their economies to multinational capital to do whatever it will, and when the IMF and the World bank tell them that they must cut social expenditure? They are now told that they must pursue free trade policies for farm products. Those policies add up to disaster for poor countries.

people collectively cannot buy twice as much goods as before unless twice as much goods are produced,

Too many people are stuck because they over-consume and under-create.

Overcapacity in steel production is a worldwide problem. The main reasons for this are the slow recovery of the global economy and shrinking demand.

I cannot always sympathize with that demand which we hear so frequently for cheap things. Things may be too cheap. They are too cheap when the man or woman who produces them upon the farm or the man or woman who produces them in the factory does not get out of them living wages with a margin for old age and for a dowry for the incidents that are to follow. I pity the man who wants a coat so cheap that the man or woman who produces the cloth or shapes it into a garment will starve in the process.

There came into the world an unlimited abundance of everything people need. But people need everything except unlimited abundance.

One of the common trappings of success is overproducing.

Companies make money and rapidly expand their product line. Authors become popular and churn out books at a faster clip.

Scale can empower, but it can also dilute. Something is lost when quantity is valued over quality.

You have to maintain your standards even when all the forces around you seem to be calling for growth. Push back against more, more, more and remain committed to better, better, better.

[T]he problem is... if the wealth pump is allowed to run long enough, eventually... the growing elite numbers and their consumption levels will overshoot the productive base, which is what the workers are producing.

"The man who knows that nothing in demand is out of production soon expects that nothing produced can be out of demand. Not to go where one can go would be subversive. It would unmask as folly the assumption that every satisfied demand entails the discovery of an even greater unsatisfied one. Not to produce what is possible would expose the law of "rising expectations" as a euphemism for a growing frustration gap, which is the motor of a society built on the co-production of services and increased demand."

The production of too many useful things results in too many useless people.