So inordinately productive is this familiar new order of industry that in ordinary times it is forever in danger of running into excesses and turning out an output in excess of what the market — that is to say the business situation — will tolerate. There is constant danger of "overproduction," So that here is commonly a large volume of man power unemployed and an appreciable proportion of the industrial plant lying idle or half idle.

The Vested Interests and the Common Man (1919)