Our waterways policy is crony capitalism disguised as patriotism
The Jones Act, like The Export-Import Bank, is a crony program born in a less enlightened era that benefits a small sliver of corporate America while costing the rest of the country. It should no longer be.
One of the nation’s geographic advantages — tens of thousands of miles of coastline and inland waterways — has been minimized by making it off-limits to foreign competition in transportation. Because of the Jones Act’s costly mandates, less cargo is shipped by water, merchant mariners have fewer jobs and more cargo is carried by truck, rail and air, which are more environmentally damaging than water transportation.