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rm445 | 1 year ago
The everything-bagel approach. One of those requirements incentivises US shipbuilding, the other two incentivise other things. Seems like the net effect was less US shipbuilding and a smaller US-flagged fleet. Given those effects, it doesn't seem likely to have increased the number of US merchant seamen either.
lesuorac|1 year ago
It's like betting on Black for a roulette wheel versus betting on a specific number. You're still going to lose money but you lose the money slower by betting on black than a specific number. You need to show that betting on black loses money faster than a specific number to demonstrate that the Jones Act isn't furthering it's goal.
jjk166|1 year ago
No ships were built because of the jones act, that's the problem. The jones act required people to do B if they wanted to do A, so they stopped doing A. A is intercoastal shipping. Nothing in the jones act encouraged B besides the opportunity to do A.
In your roulette example, the example isn't between a specific number and black. It's the jones act is playing roulette versus the non-jones act where you don't. Are you guaranteed to not have lost money by some other means if you never played roulette? No. But roulette is a game that provably loses over the long run, and so we should stop playing it.
rm445|1 year ago