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by kangaroozach
495 days ago
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If you are protected from facing competition, then you don’t need to actually compete. Therefore, you don’t develop the competitive advantages. You remain at a competitive disadvantage, but it doesn’t matter since you don’t actually have to face the competition… until someday when the protection is removed and you are left to face the more advantaged competition. |
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However, it's not uncommon for a company or industry to fail to develop a competitive advantage, and then go bankrupt and disappear.
Without the Jones Act, it's quite possible that the US shipbuilding industry may have ended up even more moribund than it is now, decades ago.