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"...the real concentration story exists in monopolized markets around the country where the Jones Act has eliminated competition and shielded local firms from i
by kilolima 4y ago
"...the real concentration story exists in monopolized markets around the country where the Jones Act has eliminated competition and shielded local firms from international market forces... This conclusion is shared across ideological lines."
Shielding local markets from the race-to-the-bottom of international market forces sounds like a good thing. But does this prove that neoliberalism is the main creed of both political parties?
The Jones Act insures strong regulations for crew, safety, and environment on ships entering at least some US ports, and helps to maintain a strong merchant marine which is critical for our thallasocracy and projecting global sea power.