the.com/oversupply
When everyone rushes to make more of the thing nobody needed quite that much of.
means A situation where the amount of something produced or available exceeds what's actually needed or wanted.
from Straightforward carpentry: 'over-' (too much, beyond) bolted onto 'supply,' which traces back through French 'souplier' to Latin 'supplere' — to fill up, complete, make whole. So supply was originally about filling a gap, a need. Oversupply is that same word tipped past its purpose — the filling that kept going after the vessel was already full.
- price effect
- Pushes prices down until someone quits
- classic case
- 2014 to 2016 oil glut tanked crude prices
- root cause
- Everyone bets on the same boom simultaneously
- cure
- Bankruptcies, not willpower, usually fix it