What's Good For Toyota Is Good For America
Standing the old axiom about GM sideways is Thomas Friedman's NYT piece that it's about time Toyota bought out what's left of GM:
It is not that I want any autoworker to lose his or her job, but I certainly would not put on a black tie if the entire management team at G.M. got sacked and was replaced by executives from Toyota. Indeed, I think the only hope for G.M.'s autoworkers, and maybe even our country, is with Toyota. Because let's face it, as Toyota goes, so goes America.The way GM is going, I could think of worse fates. Detroit and Michigan might not like their new nihongo masters, but what choice do they have? Auto industry executives have historically been rather arrogant; the point of bankruptcy is to undo such arrogance.Having Toyota take over General Motors - which based its business strategy on building gas-guzzling cars, including the idiot Hummer, scoffing at hybrid technology and fighting Congressional efforts to impose higher mileage standards on U.S. automakers - would not only be in America's economic interest, it would also be in America's geopolitical interest.
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