Re:Chip shortage: Toyota to cut global production by 40%
by ren_engineer on Thursday August 19, 2021 @09:40AM
(#28233698)
you'll notice I also blamed congress for effectively being bribed to allow this to happen. The government's job should be to prevent stupidity like this from happening, Department of Defense at the very least should have been sounding the horn of how our supply chain issues are national security issues
plenty of people have been warning for decades how the reliance on manufacturing from other countries could have major consequences. The fact that a small island like Taiwan is probably the most important geo-political issue in the world could have been prevented with a little bit of long term planning
- shareholders (more profit)
- consumers (lower prices)
Second, you could say shareholders == Wall Street, but you could just as well say that shareholders are pension holders, banks, insurances and small private investors. All of these simply want to have return on their investment that is as high as possible. If that's good or bad is an interesting question, but the bottom line is that very few people are without blame here.