Word: overbuilt
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...descending horde, pointing to a record 1,750,000 visitors v. 1,500,000 last year, soothed the doubt nagging at every Miami Beach hotelkeeper: had the Beach overbuilt? The answer: not yet, despite the $120 million spent on new hotels in the past five years, bringing the total along the seven-mile strip of sandy beach to 380 hotels and more than 30,000 rooms...
...good New Deal doctrine, back in the early '30s, that the U.S. industrial plant was built or overbuilt, that the last frontier had been reached, and that the nation had better resign itself to doing the best it could in a "mature economy." In 1932, Franklin D. Roosevelt defined the problem as "administering resources and plants already in hand." All this was formally reversed last week by Harry Truman...
...uncovered a growing dissatisfaction with factory and office routine; life in drab, overbuilt cities cost too much-in something more important than pounds & shillings...
...heavy industry has long been haunted by a nightmare: in building up the U.S. for war, it may well have overbuilt it for peace. Last week, news from Washington turned the nightmare into a beautiful dream: in the works is a U.S.-Russian trade pact under which Russia would buy $10 billion in capital goods in the U.S. in the first three postwar years...
...harmful to the growth or health of the free enterprise system. That system rests on the premise that capital should go where it is most needed, and that this usually is determined by where it is offered the highest rates of return. When one particular business or industry is overbuilt, rates of return drop; where another is underbuilt, rates of return rise. It is the working of this principle that has kept the intricate relationship of one business to another in balance while we grew to be the greatest industrial country in the world. An arbitrary fixed return would draw...