3 ms·
The Jones Act is a problem and a blessing. It ensures a US maritime industry, albeit tiny. Still, due to lack of competition, it has left the US maritime indust
by Gwypaas 4y ago
The Jones Act is a problem and a blessing. It ensures a US maritime industry, albeit tiny. Still, due to lack of competition, it has left the US maritime industry so far behind the world standard that the minute it is removed, the entire sector will go bankrupt from international competition.
The Decline of the U.S. Merchant Marine | What's Going on With Shipping?
https://www.youtube.com/watch?v=kJn0bCWx_9g https://www.youtube.com/watch?v=kJn0bCWx_9g
- bombcar 4y agoEh, all international shipping will collapse the moment the US Navy stops being the oceanic police for everyone for free.
- Gwypaas 4y agoHow come? What is this disaster mindset? Even Ukraine and Russia agreed on how to open grain corridors from Odesa. https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative
- bombcar 4y agoBecause the US Navy patrols the waters and keeps piracy down. The areas it doesn't patrol are infested with pirates. It costs quite a bit to do this, and if the US Navy steps back other countries will have to step up.
- Gwypaas 4y agoCan you point to research showing this? Except outside Somalia 10-15 years ago when the international community stepped in. Piracy is mostly handled by local governments and is hugely dependent on their strength and international cooperation. https://www.imo.org/en/OurWork/Security/Pages/Piracy-Reports-Default.aspx https://www.imo.org/en/OurWork/Security/Pages/Piracy-Reports...
- bombcar 4y agoThe argument is put forward by Zeihan et al https://gcaptain.com/end-of-the-world-is-just-beginning-book-review/ https://gcaptain.com/end-of-the-world-is-just-beginning-book... We'll see - perhaps super transports will keep sailing even if the US Navy pulls back.
- JAlexoid 4y agoLet's not forget that US is still the primary beneficiary of global trade, as the majority of trade is conducted in USD.
- bombcar 4y agoOh, it's certainly been to our benefit, no doubt about that at all.
- splintercell 4y agoIt's not just piracy, it also is a matter of keeping other nation states from preventing interference. Zeihan also says that piracy will be state sponsored.
- unethical_ban 4y agoThis seems entirely unrelated to the conversation at hand, and a strawman because no claim is made that such an event is about to occur.