Posted on Jul 24, 2024
Major players in U.S. supply chain seek new approach to shipping legislation
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Posted 5 mo ago
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Minimizing government interference would be a good start. Sadly, like every thing else, lawmakers can't spell "supply chain" let alone understand it. They take their advice from the biggest campaign donors who want to manipulate the laws as well as the resulting rules and regulations crafted by the Administrative State, and we end up with a system that destroys competition. To be fair, there is a role for government. They are needed to protect domestic businesses from the predatory practices of foreign governments who subsidize their own business so they can unfairly compete with our domestic counterparts. Lastly, there's the issue that we may never correct. We allowed our US flagged merchant marine to be decimated. Rather than tariffs, we should have required foreign products for sale in America to be transported in US flagged carriers. There're strategic as well as commercial interests in such a practice.
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