8 ms·
That if one is trying to reverse offshoring of manufacturing, one needs to make it in companies' best economic interests. Make it more profitable (or at least
by ethbr0 3y ago
That if one is trying to reverse offshoring of manufacturing, one needs to make it in companies' best economic interests.
Make it more profitable (or at least net neutral) to manufacture onshore or nearshore.
A key start to it would probably be to (a) implement a carbon tax on all goods that enter the US via international maritime trade, according to the footprint of their transportation, (b) use the proceeds exclusively to fund a recapitalization of US merchant shipping [0] (new generation lower emission design construction and operation).
Preferably in cooperation with the EU.
Modernizing the provisions of the Jones Act [1] to support US shipbuilding and flagging for inter-national oceanic trade would be a good start.
Merchant shipping, like energy, is a pillar that a country's economy rests on, and shipyards are dual-use heavy economic assets with direct military implications.
[0] https://en.m.wikipedia.org/wiki/List_of_merchant_navy_capacity_by_country#The_table https://en.m.wikipedia.org/wiki/List_of_merchant_navy_capaci...
[1] https://en.m.wikipedia.org/wiki/Merchant_Marine_Act_of_1920 https://en.m.wikipedia.org/wiki/Merchant_Marine_Act_of_1920
- ImHereToVote 3y agoWhy would corporations hire politicians to do that?