Steve Forbes: What's Ahead cover image

Spotlight: Why The Jones Act Is Hurting America And Must Go To Davy Jones' Locker

Steve Forbes: What's Ahead

00:00

The Jones Act Hurts Our National Security

The Jones Act enacted back in 1920 is a terrible law. Its ostensible purpose was to protect and promote the US shipping industry. It mandates that cargo transported between two American ports must be carried on ships that are American-made, American-owned, and American-staffed. The Act has eviscerated our maritime industry. Constructing tankers and container ships in the US now costs almost five times as much as it does for similar vessels in Japan, Norway, and North Korea.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app