The Indicator from Planet Money We're gonna need a bigger boat-building industry
Jun 26, 2025
The podcast dives into the rich history of U.S. shipbuilding, once a titan during World War II, now nearly vanished. It discusses the role of the Brooklyn Navy Yard and the impacts of the post-Cold War decline. Protectionist strategies are explored, particularly the Trump administration's attempts to revitalize the industry. The interplay between commercial and military shipbuilding is crucial for national security. Additionally, recent policies aim to counter China's maritime dominance while navigating the complexities of the Jones Act and its effects on American competitiveness.
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Brooklyn Navy Yard Shipbuilding History
- The Brooklyn Navy Yard was once a major shipbuilding hub, producing battleships in WWI and WWII.
- It closed in the 1960s, reflecting the decline of American shipbuilding across the country.
Importance of Naval Protection
- The protection of global shipping lanes is crucial for economic stability and security.
- Modern pirates are a serious threat, underscoring the navy's continued role in safeguarding sea routes.
Jones Act's Impact
- The Jones Act requires ships moving cargo between U.S. ports to be American-built and crewed, protecting national security.
- However, it unintentionally increased shipbuilding costs, weakening the commercial shipbuilding industry.
