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tivert | 1 year ago

> If you are protected from facing competition, then you don’t need to actually compete. Therefore, you don’t develop the competitive advantages. You remain at a competitive disadvantage, but it doesn’t matter since you don’t actually have to face the competition… until someday when the protection is removed and you are left to face the more advantaged competition.

However, it's not uncommon for a company or industry to fail to develop a competitive advantage, and then go bankrupt and disappear.

Without the Jones Act, it's quite possible that the US shipbuilding industry may have ended up even more moribund than it is now, decades ago.

discuss

order

MostlyStable|1 year ago

It is already moribund to the point of uselessness, yet it is still imposing enormous economic costs on the entire country. If it's goal was to maintain the ability of the US to build and staff ships, then it has utterly and completely failed, and yet it's costs remain. I have never heard a compelling argument why we should keep it.

Without it, we probably wouldn't have a thriving US shipbuilding industry, but we would have significantly (probably orders of magnitude more) intra-state shipping, which would require more ships that would most likely come from close allies which would boost _their_ shipping industry.

For strategic purposes, obviously having our own shipping industry would be better, but that's apparently not on the table. I'll take, as a close second best option, an improved shipbuilding industry of our allies, with a heaping side helping of massive economic benefit.

bluGill|1 year ago

At the very list ships built in Italy, (NATO partner), Japan, South Korea (close allies with a ship building industry) should be allowed. Probably we should allow countries like Kenya, Vietnam, Chile (random non-nato countries that don't have ship building but could and seem like places that we want to encourage to become closer to us).

FrustratedMonky|1 year ago

Yes Jones act is failure.

But, not seeing how allowing foreign built ships, with foreign crews, owned by foreign companies, somehow leads to a stronger US shipping industry.