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127 - Sunk Cost: The US. Navy's Shipbuilding Crisis

The Red Line

CHAPTER

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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