[Marxism] Overproduction

[S. Artesian]

Great article in WSJ of 30-06-09 on Pilgrim's Pride closing a chicken processing factory in Douglas, Ga.

The company, filing for bankruptcy after loading up on debt to buy-out a competitor, has rejected a $32 million offer the factory, demanding $80 million-- despite its own appraisal of the plant value in the $40-50 million range.

Why?  To quote the company, "...we need to remove chicken from the market.  This would not be accomplished by a sale."

And:

"Shutting the plant was intended to improve the company's product mix by reducing commodity production."