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In the 1970s, the U.S. was the world’s second-largest commercial shipbuilder. Today, it accounts for less than 0.1% of global tonnage. This collapse wasn’t an accident of globalization. It was the direct result of a single policy choice: the 1981 decision to end the Construction Differential Subsidy (CDS). Here... show more
28,277 views • 4 days ago •via X (Twitter)
3 Comments

Pierre3 days ago
That is not even a remotely true statement. From the 1960s to today, the US has produced an average of 4-5 commercial ships per year, being really generous. And outside the two World Wars, the US has not shown any real interest in shipbuilding for not very obvious reasons.

Brandon Sands3 days ago
A travesty. Thank you @DA_Stockman !

CornerCarver3 days ago
If the shipyards were never subsidized by taxpayer funds (CDS) the free market would have given them feedback on costs. Having (and using) that government safety net isolated them from the repercussions of their decisions.
