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Balrog0 08/08/17 12:24:17 PM #1: |
Well, specifically shipping within US border:
https://qz.com/1032288/how-a-100-year-old-american-law-helps-make-your-commute-miserable/ In fact, over 40% of Europe’s domestic freight is shipped along so-called motorways of the sea. In the US, a measly 2% of domestic freight distributed among the lower forty-eight states travels by water, even though half the population lives near the coast. One big reason why is an obscure law, enacted right after World War 1, called the Jones Act, which preserves a monopoly for US-built, owned and operated ships to transport goods between US ports. The monopoly was designed to support the American merchant marine. It was thought that allowing foreign vessels to move goods between US ports would hurt American shipbuilding and lead to a decline in ship ownership, putting the country at risk during wartime. It was also designed to ensure that the US had ample ships to conduct international trade. According to a report from Tufts University, the Jones Act restrictions significantly increase the cost of stuff Americans buy, from Florida oranges, to coal from West Virginia and grain for livestock in California. Largely because of the Jones Act, getting oil from Texas to Boston costs three times as much as getting it from Europe. The U.S. International Trade Commission estimated that repeal or amendment of the Jones Act could save the US between $5 and $15 billion. --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. ... Copied to Clipboard!
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