"This act was a trade barrier for nascent US shipbuilders to catch up to European shipyards. "
The JA was only a tweak to existing policy designed to benefit shipping companies in Washington state (details in this thread: https://x.com/cpgrabow/status/1471862865623752707). The US build requirement dates to at least 1817, and US shipping restrictions were first imposed in 1789 — a time when US shipbuilders were some of the world's cheapest (plentiful timber/forests helped a lot with that).
“The volume creates and spreads the know-how required for innovation.”
I find the above quote to be far reaching… a universal truth… for industry, yes… and also on a personal level? That said — There has to be a spirit of experimentation included in mass production for evolution to occur?
"This act was a trade barrier for nascent US shipbuilders to catch up to European shipyards. "
The JA was only a tweak to existing policy designed to benefit shipping companies in Washington state (details in this thread: https://x.com/cpgrabow/status/1471862865623752707). The US build requirement dates to at least 1817, and US shipping restrictions were first imposed in 1789 — a time when US shipbuilders were some of the world's cheapest (plentiful timber/forests helped a lot with that).
Thank you Colin. And the CATO paper is excellent too.
Hi Rahul, thanks for your kind words about the Cato paper. You may also find this of interest: https://www.cato.org/policy-analysis/rust-buckets-how-jones-act-undermines-us-shipbuilding-national-security
“The volume creates and spreads the know-how required for innovation.”
I find the above quote to be far reaching… a universal truth… for industry, yes… and also on a personal level? That said — There has to be a spirit of experimentation included in mass production for evolution to occur?