I like the toaster example. It reminds me of this: http://www.solipsys.co.uk/new/TheParableOfTheToaster.html
He mentions the Dreamliner. That project is kind of a poster child for how not to do stuff, but I suspect that many of the problems came about as a result of cultural hysteresis. The engineers and managers were good, but inexperienced in development of such a loosely-coupled project.
I agree with the premise of the talk. In the US, we are facing the same issue with manufacturing. It’s actually impossible to do some types of manufacturing in the US. We’ve crossed the Rubicon. Alea jacta est.