We have willingly traded our shipbuilding capacity for Chinese baubles. There was a time when the King of England would take our best lumber for his warships. The colonies had shipyards to maintain their fishing boats but first-rate warships could never be constructed in them. This despite the fact that it was American lumber, masts, and naval stores that went into them. Unlike Ebenezer Mudgett (see Pine Tree Riot), the peoples of America now protest for baubles, cheap food, health care and support of the Palestinians.
I'll defer to long term shipbuilding industry insiders, as my shipyard time was quite brief. Clearly, allies with existing robust shipbuilding capability can get things done faster than we can rebuild / create from scratch our yards. Does having a foreign company purchase capacity in the U.S. even make sense? With all the restrictions, environmental requirements, lack of skilled (and willing) workers, "other" labor related issues, is this more a matter of playing a long game (decade or more down the road) with foreign build the immediate fix?
Notice how the purchase thus far was buying an already foreign owned yard. It would be nice of the corporate raiders that took it all apart would now invest to put it all back together.
Foreign auto companies seem to have no problem building cars in this country with our labor force, taxation, environmental regs, and CAVE BANANAs. I think the barriers are more cultural than economic. The average American is perfectly happy with bread & circuses combined with misinterpreting liberty for nihilistic hedonism at the lowest possible cost and effort.
Bot just Foreign. Tesla wasn’t even a glim in Elon’s eye at the turn of the century now they build at scale the #2 best selling vehicle in the US surpassing the F150 & nipping at the heels of Toyota’s RAV4.
SpaceX is another example from zero to 90 in a blink of an eye.
The US has the population compared to nation like South Korea. We just need the will, entrepreneurship, & relegate the MBA class to a supporting roll not the leading roll.
An investment in the Indian stock market on 1/1/94 would have returned 13.58 times now. A similar investment in China would return 0.89 times. Foreign investors should consider whether they are the chump in a Ponzi scheme.
We have our own unexamined problems. Given our male labor force participation rate, perhaps we should study "Lying Flat" with American characteristics.
I can across this story this weekend. The US is admitting our shipbuilding industry is dead.
US Leans on Shipbuilding Prowess of Allies to Compete With China
2024-09-20 23:00:00.1 GMT
By Bloomberg News
(Bloomberg) -- In any high-stakes military conflict with
China, the US Navy will be critical to winning. But America’s
shipbuilding industry is far from able to support what the Navy
needs.
Enter South Korean shipbuilding powerhouse Hanwha Ocean Co.
The company is buying a former Navy shipyard in Philadelphia and
recently secured Korea’s first ever contract to overhaul a US
naval vessel. These steps pave the way for the company to play a
bigger role in the US naval shipbuilding sector and could herald
the start of a new wave of investment.
America’s shipbuilding industry has virtually collapsed
over the last generation, with years-long delays and cost
overruns making it hard for the Navy to build the ships and
submarines it needs. In contrast, China’s navy — supported by
the world’s largest shipbuilding sector which produces more than
half of merchant ships globally — is rapidly growing and now has
a larger fleet than the US.
“Look at the difference in shipbuilding between the United
States and China — deeply concerning,” Deputy Secretary of State
Kurt Campbell said a July testimony to a Senate committee. “We
have to do better in this arena or we will not be the great
naval power that we need to be for the 21st century.”
To address this shortfall, the US is seeking investment
from allies, particularly South Korea and Japan. Their companies
are the world’s biggest shipbuilders outside China and can
produce both commercial and naval vessels more quickly and cost-
effectively than American firms.
We have willingly traded our shipbuilding capacity for Chinese baubles. There was a time when the King of England would take our best lumber for his warships. The colonies had shipyards to maintain their fishing boats but first-rate warships could never be constructed in them. This despite the fact that it was American lumber, masts, and naval stores that went into them. Unlike Ebenezer Mudgett (see Pine Tree Riot), the peoples of America now protest for baubles, cheap food, health care and support of the Palestinians.
I'll defer to long term shipbuilding industry insiders, as my shipyard time was quite brief. Clearly, allies with existing robust shipbuilding capability can get things done faster than we can rebuild / create from scratch our yards. Does having a foreign company purchase capacity in the U.S. even make sense? With all the restrictions, environmental requirements, lack of skilled (and willing) workers, "other" labor related issues, is this more a matter of playing a long game (decade or more down the road) with foreign build the immediate fix?
There was a time in America when Henry Kaiser could turn vast empty spaces into shipyards not to mention build bridges and dams. What happened?
Have you see what the unelected and unaccountable regulators in DC have done to SpaceX?
Notice how the purchase thus far was buying an already foreign owned yard. It would be nice of the corporate raiders that took it all apart would now invest to put it all back together.
Foreign auto companies seem to have no problem building cars in this country with our labor force, taxation, environmental regs, and CAVE BANANAs. I think the barriers are more cultural than economic. The average American is perfectly happy with bread & circuses combined with misinterpreting liberty for nihilistic hedonism at the lowest possible cost and effort.
Party like it’s 378 AD.
Bot just Foreign. Tesla wasn’t even a glim in Elon’s eye at the turn of the century now they build at scale the #2 best selling vehicle in the US surpassing the F150 & nipping at the heels of Toyota’s RAV4.
SpaceX is another example from zero to 90 in a blink of an eye.
The US has the population compared to nation like South Korea. We just need the will, entrepreneurship, & relegate the MBA class to a supporting roll not the leading roll.
Given their current economic issues, perhaps the Chinese should have spent more time studying the Great Depression, S&L crisis, and subprime crisis.
Is there a Chinese version of Charles Ponzi, Charles Keating or Bernie Madoff?
More like, who isn't?
An investment in the Indian stock market on 1/1/94 would have returned 13.58 times now. A similar investment in China would return 0.89 times. Foreign investors should consider whether they are the chump in a Ponzi scheme.
We have our own unexamined problems. Given our male labor force participation rate, perhaps we should study "Lying Flat" with American characteristics.
Yes but they fleeced US investors to the tune of Billions with fake companies & empty factories.
China wants the Pacific right up to the west Coast of the USA.