You trying to say that we already produce MORE than what we want... and the whole problem is figuring out how to consume it? No, there is no such thing as "overabundance" in a world with limited resources and unlimited wants.
"Overabundance of production" is non-sense, but is a prerequisite to socialism. Of course, if this overabundance doesn't exist, then trying socialism would be stupid.....
.....Yep, we all still want more, people are still in debt, the FED is still handing out free money so it's "customers" can balance their books..... And that's just in first world countries.
"Overabundance" is no way of describing,"making stuff that no one wants to spend their money on." That's mis-allocation of resources, and causes an UNDER-abundance, or scarcity, of the things we actually DO want.
"I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."