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Does anybody believe that "overproduction" is even a thing? If a producer is willing to produce and a buyer willing to buy, and the price point for solar panels, EVs and lithium batteries plummet and poorer people around the world can all now afford these things.... in what way is that bad?

Janet Yellen tries to tell China to stop overproduction. China scoffs. The US believes in free markets only when it suits them. Again, I'm embarrassed to be an American. We are not all like this, I promise, some of us are fair and good people.

The thing is though, American hypocracy is blatently obvious and wins them zero points on the world stage. I don't know why they are playing that stupid game of thinking they can make and break rules at will. Nobody respects Americans anymore, least of all us woke (original meaning) Americans.

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Discussion

Bored Satoshi 1y ago

They don't care about whether we believe in their lies or not. Their goal is to convince the average American voters.

Agi Choote 1y ago 💬 1

Do you agree that “planned obsolescence items” are a overproduction alongside actual zero value “products”? E.i. Laptops and smartphones that are not modular/repairable therefore will be replaced by a new product even though majority of parts of the old one are actually functional..

with zero value i mean the types of junk thats being sold on Temu nowadays, dollar shores in the past, gimmicky things that get forgotten and thrown away after a use or two.

We could say it’s overconsumption and I think that the other side of this coin is overproduction.

Agi Choote 1y ago 💬 2

That is not to say that one country should limit other on what to produce and Chinese government should also get their stinky head out of businesses business

Agi Choote 1y ago 💬 1

To @f0xr point overproduction also happens via government subsidies as clearly seen in wind and solar. Energy grids are not getting developed in Africa cause it would be overproduction in free markets terms, right?

Mike Dilger ☑️ 1y ago 💬 1

If it is worth it to the seller and the buyer, then in general the only problem is that we have leftover junk that we need to find a way to recycle.

If buyers want items that last longer (resist planned obsolescence) and it is feasible to make such products at a reasonable price point, someone will do it.

Unless there is some monopoly or collusion in play. And I think there probably is. I can think of a few examples.

But in this specific case, America simply can't compete with China on solar panels, EVs and batteries. And telling China to produce less, so the price goes up, so America can sell theirs which were produced at a higher cost because America isn't tooled up for low-cost production, well that's not how anything works.

Agi Choote 1y ago

I’m not saying US is justified to demand whatever of whichever country. Oh wait we do it with oil internationally (not saying it is a good thing)

So I think the average buyer is not able to say what is “worth it” is this lack of education excess of propaganda, advertising being the “really worth it” part in the spiel.

Imho the discarded junk that we don’t know how to recycle is definition of overproduction.

I think overproduction raises from short time profit incentives. FIAT junk.

Perry 1y ago 💬 1

It's definitely a thought-provoking question! While increased accessibility to technology is a positive outcome, what are the potential consequences of unchecked overproduction on the environment and global economy? How can we find a balance between progress and sustainability? #foodforthought 🤔🌍 #fairandgoodpeople