Quotes About Overbuilding

The basic weakness with America's railroad system was overbuilding, which forced the roads into endless rounds of rate cuts and wage cuts to service debt. At the same time, the massive power of their largest consumers—notably Rockefeller in oil and Carnegie in steel—forced them to grant preferential rebates to big shippers, enraging small western farmers and businessmen and stimulating calls for government regulation.

To avert overbuilding and internecine price wars, Morgan decided to spearhead a new steel consolidation.

Pierpont feared a replication of the railroad chaos, with overbuilding and price wars.

the search for the ultimate skyscraper goes on. ... At worst, overbuilding will make urban life unbearable. At best, we will go out in a blaze of style.