Source: Cato Institute
by Colin Grabow
“U.S. maritime policy is a grievous failure. Whether evaluated in terms of effectively meeting national security requirements or bolstering the country’s economy, America can point to few successes. Inefficient commercial shipbuilding barely registers as a rounding error in global output while costly U.S.-flagged shipping is typically only employed when other options are exhausted. A shocking lack of competitiveness has led to both considerable economic harm and the withering of these maritime industries into shells of their former selves. Such are the fruits of a maritime approach rooted far more in status quo bias and the guiding hand of entrenched special interests than 21st-century needs and realities.” (09/06/24)
https://www.cato.org/commentary/us-maritime-policy-needs-overhaul