On: It’s time to repeal the Jones Act

[Gwypaas]

The Jones Act is a problem and a blessing. It ensures a US maritime industry, albeit tiny. Still, due to lack of competition, it has left the US maritime industry so far behind the world standard that the minute it is removed, the entire sector will go bankrupt from international competition.

The Decline of the U.S. Merchant Marine | What's Going on With Shipping?

https://www.youtube.com/watch?v=kJn0bCWx_9g

[bombcar → Gwypaas]

Eh, all international shipping will collapse the moment the US Navy stops being the oceanic police for everyone for free.

[Gwypaas → bombcar]

How come? What is this disaster mindset? Even Ukraine and Russia agreed on how to open grain corridors from Odesa.

https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative

[bombcar → Gwypaas]

Because the US Navy patrols the waters and keeps piracy down. The areas it doesn't patrol are infested with pirates. It costs quite a bit to do this, and if the US Navy steps back other countries will have to step up.

[Gwypaas → bombcar]

Can you point to research showing this? Except outside Somalia 10-15 years ago when the international community stepped in.

Piracy is mostly handled by local governments and is hugely dependent on their strength and international cooperation.

https://www.imo.org/en/OurWork/Security/Pages/Piracy-Reports...

[bombcar → Gwypaas]

The argument is put forward by Zeihan et al https://gcaptain.com/end-of-the-world-is-just-beginning-book...

We'll see - perhaps super transports will keep sailing even if the US Navy pulls back.

[JAlexoid → bombcar]

Let's not forget that US is still the primary beneficiary of global trade, as the majority of trade is conducted in USD.

[bombcar → JAlexoid]

Oh, it's certainly been to our benefit, no doubt about that at all.

[splintercell → bombcar]

It's not just piracy, it also is a matter of keeping other nation states from preventing interference. Zeihan also says that piracy will be state sponsored.

[unethical_ban → bombcar]

This seems entirely unrelated to the conversation at hand, and a strawman because no claim is made that such an event is about to occur.