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> USA has no shipyards and infrastructure is crumbling precisely because of misallocation of resources and labor That's because of the Jones Act and other poor
by astrange 2y ago
> USA has no shipyards and infrastructure is crumbling precisely because of misallocation of resources and labor
That's because of the Jones Act and other poorly designed protectionism.
- redmajor12 2y agoHow is the Jones Act responsible for the failure of domestic ship building? Seems like the Jones Act didn't go far enough if we really cared about a strong domestic ship building industry.
- astrange 2y agoIf it went even further the demand for ships would be even lower. You want to copy what South Korea did, which is basically the opposite approach.