Jones Act

  • The Jones Act Is a piece of legislation, that mandates that maritime commerce in the US must be conducted with American-built and staffed ships.
  • The Act, which finds its origins in the 1920s, causes all kinds of problems – for one such ships are almost 3x more expensive to operate.
  • The impact can be felt, as this article explains, in the cost of petrol.
  • Fascinating how high prices bring out all sort of aspects of systems.
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