
127 - Sunk Cost: The US. Navy's Shipbuilding Crisis
The Red Line
The Decline of U.S. Shipbuilding
This chapter examines the decline of the U.S. shipbuilding industry, detailing how historical subsidies and funding cuts have impacted both commercial and naval shipyards since World War II. It contrasts U.S. shipbuilding strategies with those of foreign competitors, emphasizing the risks posed by over-reliance on military contracts. The discussion also highlights the financial and political complexities that contemporary shipbuilders face in an increasingly globalized market.
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