Commentary
-
Our commentary partners will help you reach your own conclusions on complex topics.
Hey, everyone, Peter Zion here coming to you from Richmond, Virginia at the Jefferson Hotel, which is like ridiculously glorious. Anyway, I wanted to talk about economic development in the United States today, something that’s getting a little bit of play because we finally have an industrial policy question. So we finally we have an industrial policy for the first time since World War Two that’s guided things like semiconductors. And not that that’s not important. And not that I don’t support that. But there are a lot of really baseline things the United States could do if the goal is more stable and reliable economic growth at all levels. So specifically, waterways. Now, moving things by water is less than 1/10, the cost of moving to Milan, you can move things at bulk, you can move things at speed over large distances, it really is the way to go. However, the United States adopted a law about a century ago called The Jones Act or the Interstate Commerce Act if you want to use the technical term. And what it does is it makes it illegal to ship any cargo between two American ports on any vessel that is not American crude, captained, built and owned. And what this has done is reduced the amount of traffic that we use our waterways for, by in excess of 90% over the course of the ensuing century. And so now we pretty much have about half of our products, almost two thirds of our products by truck, and then the remainder is a mix of everything else. Trucks being the most expensive way to move things over distance by far. Now for a state like Virginia that is on the Chesapeake. I don’t want to say that this has been the kiss of death, but wow, it is it grounded down their economic opportunities. The Chesapeake Bay is the best world class best bay in the world has the most frontage in terms of areas report citing my home state of Iowa is bracketed, bracketed by two navigable rivers, the Mississippi and the Missouri putting Iowa in a position where it has passed up massive economic opportunities. And then for 19 years I lived in Texas, which has one of the best coastlines in the world, and more deep water potential than the entire west coast combined. Basically, if your state is on a navigable river or an external coast, especially if it’s got a good Bay, like the Chesapeake or New York sound, or San Francisco, you have been missing out on massive amounts of economic activity. For decades. The single best thing that the United States could do if the goal was to salvage the status of its second tier cities and build out manufacturing would be to severely reformed the Jones Act. Now there’s an obstacle there. As you know, from some of my previous presentations, the United States is going through a period of political reshuffling and the factions that make up the parties are moving around. The faction that is most in motion is organized labor. And the two issues that organized labor is most concerned about our union membership, and immigration. And on the union membership issue, all of the jobs that maintain those Jones Act vessels, those old slow, inefficient ones that are the only ones allowed to operate. They’re all union jobs. And so the unions see this as a job Preservation Act, despite the fact that has cost the rest of the United States 10s of trillions of dollars over the course of the last century. So if you want to get mad about something, get mad about Jones, you want to call your congress people about something calm about Jones. That is the best way that the United States could reindustrialize protect its secondary cities, expand the port infrastructure, reduce its carbon footprint for transport, and ultimately make the United States a much stronger place moving forward. Easy fix. Okay, that’s it for me. Until next time,
-
Hurricane Helene hits US coast, Appalachia and beyond
Hurricane Helene hit Florida and Georgia overnight between Sept. 26 and 27 as a Category 4 hurricane, and accompanying storms will continue reaching deeper into the continental United States today. Dangerous flash flooding from the hurricane, known as storm surge, was some of the worst flooding that the Tampa Bay area has ever seen, and… -
Israel holds upper hand against Lebanon, Hezbollah and Iran
On Wednesday, Sept. 25, Hezbollah launched a ballistic missile at Tel Aviv in retaliation for Israel’s explosive pager attack that blew up devices across Lebanon. Although Israel’s defense systems intercepted the surface-to-surface missile, the attempted strike on Tel Aviv marked a significant escalation by Hezbollah. Since the siege on Gaza began, shortly after the Oct. 7, 2023,… -
The Sinaloa Cartel civil war
Fears of a civil war within the Sinaloa Cartel are growing as violence between competing factions within the cartel continues. The Mexican Army has dispatched around 600 elite troops to Sinaloa to help quell those fears, in addition to roughly 2,200 regular soldiers and National Guard. Watch the above video as Straight Arrow News contributor… -
New Ukrainian weapons hit Russia where it hurts
Ukrainian drones struck a major Russian ammunition depot, triggering a massive explosion that was captured on camera. According to the Ukrainian military, 2,000 tons of munitions had arrived at the depot before the attack. Over the past two years, Ukraine has significantly increased its domestic drone production, allowing it to scale up attacks on military… -
Weighing social costs vs. economic benefits on immigration
Global human migration is one of the defining elements of our current historical era, according to the United Nations. Migrants face both the incentives to leave — forced out by climate change, crime and corruption, extreme poverty or violence — and incentives for where to go, based on available job opportunities and so on. Migration…
Latest Stories
-
2% of residents in Hurricane Helene’s hardest-hit counties had flood insurance
-
US pushing to elect new Lebanese president as Hezbollah weakens
-
US pays $72 million to pharmaceutical companies for bird flu vaccine
-
Oklahoma starts bid for 55,000 Bibles that mirror ‘Trump Bible’
-
Majority of NYC residents want Mayor Eric Adams to resign: Poll
Popular Opinions
-
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum.
Latest Opinions
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum. We hope these different voices will help you reach your own conclusions.
The opinions published in this section are solely those of the contributors and do not reflect the views of Straight Arrow News.
Latest Commentary
We know it is important to hear from a diverse range of observers on the complex topics we face and believe our commentary partners will help you reach your own conclusions.
The commentaries published in this section are solely those of the contributors and do not reflect the views of Straight Arrow News.
Peter Zeihan
Geopolitical StrategistIsrael holds upper hand against Lebanon, Hezbollah and Iran
The Sinaloa Cartel civil war
New Ukrainian weapons hit Russia where it hurts
Dr. Frank Luntz
Pollster and Political Analyst‘A bipartisan problem’: Americans debate immigration policy
‘I’ve learned nothing’: Young undecided voters on debate, election
‘I don’t trust Kamala’: Why some Black men are voting Trump