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ChristianKl comments on Open Thread, Apr. 20 - Apr. 26, 2015 - Less Wrong Discussion
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The Wall Street Journal has an article up claiming that the world economy is currently experiencing an excess of capital, labor, and commodities, and that this is potentially a cause of serious problems.
Could anyone explain to me how it is possible to have an excess of capital and an excess of labor?
ETA: You can get around the paywall by googling the title of the article and clicking the first link.
There are not enough people with great ideas to produce new products starting companies that don't take away the market of existing companies.