| > That doesn't mean that nobody would support the Jones Act, or protectionism in general, but those people are likely to be the benefactors and discount the negative consequences for society at large. For the record, I support the Jones Act, and I'm just part of "society at large" and have nothing to do with shipping or logistics. Personally, I think it should be strengthened and made more strict to block some of the workarounds this article cites as reasons for its repeal. I think that idea that the only people who support protectionism are those who personally gain from it is lazy and stupid. I'm really tired of that sort of thing in support of libertarianism. > In general, protectionism is like taking $100 from each of us, burning 99% of it, and giving the remainder to one lucky winner. Lets end protectionism, stop burning that $99, and outsource all military production to China and Russia. What could go wrong? /s The only way libertarians can go on and on about many of these "inefficiencies" is because they're willfully blind to a lot of significant considerations, which they utterly ignore in their propaganda. |
It makes you wonder if it has actually had the opposite to desired effect and made the ship industry worse in the US. The top 5 shop building countries are South Korea, China, Japan, Italy and Germany. This looks like a game for wealthy nations. Other than China I would expect those places to be paying workers very well.