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It's hard to overstate how influential Toyota has been, historically, on legislatures and legislation. Trade agreements, for the past 40-ish years, have been th
by dalbasal 5y ago
It's hard to overstate how influential Toyota has been, historically, on legislatures and legislation. Trade agreements, for the past 40-ish years, have been the keystone piece of both trade and industrial policy.
These agreements are designed around the auto industry, and its JIT, and global supply chain it necessitates. Auto manufacturing is basically the model industry. The auto industry of 90s onward, was basically modeled on Toyota and The Toyota Way. The classification of subindustries, the structure of tariffs... Most of it is directly or indirectly a product of decisions made at Toyota. For better or worse, they invented modern global manufacturing.
It's sad to see them where they seem to be today.