We’re seeing the intensification of one of the central crises or contradictions of global capitalism: the crisis of overproduction, also known as overaccumulation or overcapacity.

In other words, capitalism has a tendency to build up tremendous productive capacity that outruns the population’s capacity to consume owing to social inequalities that limit popular purchasing power, thus eroding profitability.

In other words, capitalism has a tendency to build up tremendous
productive capacity that outruns the population’s capacity to consume
owing to social inequalities that limit popular purchasing power, thus
eroding profitability.

That is THE most ignorant thing I have ever heard regarding capitalism. Capitalism and the market economy is flawless when left to it's own devices. It is the Progressive-fascist's tinkering, programs, and manipulation that always mucks up the works.

That is THE most ignorant thing I have ever heard regarding capitalism.

I can safely say the same thing for your comment above.

Capitalism and the market economy is flawless when left to it's own devices.

This is very naive thinking... no man-made system is "flawless" left to its own devices...

Markets are man-made entities that ALWAYS operate with man-made rules.

Take banks: if I have $10, and attempt to loan you $150 -- I cannot. If I write you a check for it I am guilty of fraud...

However, a bank is allowed to do EXACTLY that - by regulation. And it is also allowed to charge interest on this money -- money it doesn't really have!!

We (the people) set rules on markets... to deny that is to run around with your eyes closed.

The question of what rules are needed is the relevant one...

This is very naive thinking... no man-made system is "flawless" left to its own devices...

That is the point. Capitalism in not a man made system. It is a symphony of individual interests pursuing their own individual dream - the opposite of fascism. It is the man-made part that makes a mess of things.