My model of ships vs. cars is that we have a very high-value domestic car market and shipping cars is expensive, so it makes sense to build those here, whereas there is no good reason (other than regulations) to build ships here rather than Europe or Asia, which made it easy for us to become uncompetitive there.
My model of ships vs. cars is that we have a very high-value domestic car market and shipping cars is expensive, so it makes sense to build those here, whereas there is no good reason (other than regulations) to build ships here rather than Europe or Asia, which made it easy for us to become uncompetitive there.