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astrange
6 months ago
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Apple says it will add 20k jobs, spend $500B, prod...
> USA has no shipyards and infrastructure is crumbling precisely because of misallocation of resources and labor
That's because of the Jones Act and other poorly designed protectionism.
redmajor12
6 months ago
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How is the Jones Act responsible for the failure of domestic ship building? Seems like the Jones Act didn't go far enough if we really cared about a strong domestic ship building industry.
astrange
6 months ago
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If it went even further the demand for ships would be even lower. You want to copy what South Korea did, which is basically the opposite approach.
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That's because of the Jones Act and other poorly designed protectionism.