Re: King of the Horizontalists ?

["Harry Veeder" <veed0001@xxxxxxxxxxxxxxxx>]

>
>Harry Veeder wrote:
>
>>
>> >An important underlying theme is that of excess capacity, which is now
>afflicting
>> >not only manufacturing and natural resources production worldwide, but is also
>> >spreading to distribution and services too.
>
>>
>> What is called "excess capacity" is really excess demand.  The era
>> of deficient demand is behind us. At the same time the concept of work
>> is undergoing a major reformation and this is prehaps why economists
>> have failed to appreciate the new problem.

Henry C.K. Liu:
>Barry Riley, FT reporter, wrote that.
>But please elaborate - looking from Asia, it certainly looks like excess capacity
>rather than excess demand.


I just mean excess capacity is indicative of excess demand.
Demand can be regulated by man but supply must always be taken
as a given (by God). Demand or "the cup"
is deficient when our "cup runneth over" and excessive as our
"cup becomes dry". Man makes the cup and God fills it wisely.
If the cup is too big or too small that is man's doing.

Harry Veeder