Peter Zeihan Talks the Jones Act ... BETTER CALL SAL!

[@giffica]

Love pushback and healthy debate. This is what our society needs more of

[@dougowen9873]

Agreed, but the fact that this guy Zeihan does not even know when the great depression occurred or more importantly why the Jones Act was passed in 1920 tells me he is not speaking from a position of knowledge, end of debate at that moment.

[@giffica]

@@dougowen9873 Not to be that guy, but Zeihan isnt exactly wrong. Sal is correct, but Zeihans prolly refering to the depression of 1920 after WW1. Just playing devils advocate. Listen Zeihans not always correct but hes right sometimes. He is a generalist, so experts tend to disagree on the WHYS but his conclusions tend to be fairly accurate even if Zeihan misses some of the nuance of why. For example he ignores culture pretty insanely and sticks to the geo and politics. Culture commentarians, shipping experts, russia experts, china experts have all called him out but the GIST of his views is, in a sense correct. Whether Zeihan is correct on the Jones act is less of the issue, everyone has their own demons and boogeyman, but i think he is trying to identify something being wrong with American shipping. It might not be the jones act, but he's gotta be using some hyperbolic scapegoating when he talks about it I can't seriously believe he is that against it.

[@dougowen9873]

@@giffica Point taken, that is very possibly his take.

[@RobDeHaven]

I really enjoy Better call Sal rants. If you are this passionate in the classroom as you are here, your students are getting a great education. I also learned a ton in these 21 minutes. Time well spent.

[@patriciatennery3021]

Boy , oh boy, do I ever agree with this.

[@wgowshipping]

Thanks Rob!

[@wgowshipping]

Thanks Patricia!

[@stephenrickstrew7237]

Time spent finding the truth is always time well spent..!

[@Thomas-wn7cl]

Sal, I appreciate your pragmatic view on the Jones Act with all it's supporting history, facts, charts, and maps. Zeihan is an ideologue and will never let the facts disrupt his vision of the world.

[@veramae4098]

"... disrupt his vision ...." Nicely said.

[@alansnyder8448]

I would not call Peter Zeihan an ideologue. Instead, I think he covers a broad width of topics and cannot be an expert in everything he talks about. I consider him someone good for the 10,000-foot view on trends and then go to subject matter experts like Sal to correct what he misses. I think Peter often gets the broad trends correct but misses the details. His presentation style is intended to be engaging, which has the positive of keeping you listening for an hour, but the downside of acting certain on this we should (if being academically correct) not be certain about.

[@Thomas-wn7cl]

@@alansnyder8448 hi Alan, if he is not driven by facts and details, then he is shaped by certain ideas and concepts he has accepted that he uses to fill in the blank spaces. These are usually an ideology or a blend of ideologies, which I think is the case for Zeihan. I watched one of his long form videos before and thought his speech was very hit and miss.

[@Thomas-wn7cl]

@@veramae4098 thanks Vera

[@grizzz6884]

@@veramae4098 it is not peters vision , it is the people paying him , vision

[@tacmason]

Good thing you have a specific overlapping focus Sal - as good a speaker as Peter is, we all need as many good points of view, and fact checking points of light as possible.

[@JEK]

Great BCS episode, Peter is out of his league on this subject matter. You never disappoint, Sal. ⚓

[@wgowshipping]

Thanks John!

[@yuglesstube]

He's limited to his Cato brief, I'd suggest.

[@556MSL]

Thanks for making this informative and important rebuttal.

[@wgowshipping]

My pleasure!

[@diontury7585]

The most important aspect of the Jones Act is NATIONAL SECURITY!!! We definitely don't need a Chinese shipping company going up and down our rivers, kils and ports...

[@chrisb4647]

If I'm not mistaken, the Jones Act also provides mariners some basic human rights in case of injury. Things we land lubbers take for granted.

[@rickpratt8789]

Chris B, I shipped out as a merchant sailor in the late sixties and early seventies and received medical care that was work oriented ( a hernia). Got it taken care of for free at a US Public Health Service hospital in Galveston by a Coast Guard doctor. They told me I was covered under "the Jones Act". Nuff said.

[@smokejaguarsix7757]

And thats the problem with this, I seriously wonder who he is speaking for with that anti-Jones Act bias. This is coming from someone who wants access to our waterways at taxpayer expense, I'm thinking its Denmark.

[@MrJcjet]

You have it already. You can go to any port from offshore. You can't move between ports. The primary issue is that the ship must be made in the USA and maintained in the USA, but the USA doesn't build ships. So the Jones Act ships are old, small, and inefficient. The largest shipping company is based out of denmark. And it's absolutely insane that it's illegal for a ship to go from Korea or Japan to Hawaii and then on to Seattle. To give a real world example: It is so expensive to move oil from Alaska by ship in a Jones Act compliant ship - it is literally cheaper by around $5/bbl to ship from Alaska to refineries in the Caribbean all the way around south america than it costs to ship to Seattle. When you start to see the real costs, it's far worse than you'd imagine. Even if we kept the requirement for American ownership and crews, but just dropped the American manufacturing requirement it would dramatically change the landscape. We don't build ships either way. Why not let shippers use foreign purchased ships?

[@alhollywood6486]

Hurr durr, foreigners

[@alansnyder8448]

I follow both you and Peter Zeihan. I saw the same video, and thought the same thing but didn't get hold of you. It seems to me that he specifically was talking about the "ships built in America" part of the Jones act. Sal, you have mentioned that the Jones Act does need to be reformed. I'd like to see you and Peter talk specifically about how it should be reformed. From what I've learned so far I would definitely update the need for American-built, and expand it to include ships from non-hostile nations, so (S. Korea ok, but China not). But I would keep the American crewed, and captained and flagged part.

[@trashpanda9433]

I found your channel through the first better call Sal. Stayed for the history and current history

[@wgowshipping]

Thanks Trash!

[@jamescole1786]

2/9/23; Hello from NewOrleans area. Sal, like you said, Red River is unable to accomodate blue water ships. Peter Zeaon was simply 'happy talking' on this subject. Locals in Shreveport had to be shocked at this 'no ships on (narrow, shallow) Red River comment. Great examination by you of crazy comments on speaker PZ. Carry on Sal, you are always factual.👍👍👍👏😊

[@SteamCrane]

Would have loved to see the audience reaction!

[@stevematthews4489]

As a Zeihan fan, I did enjoy your reality check on his Jones Act schtick. I like Zeihan's big picture world view on how the world works, but I'm a little skeptical of his broad brush definitive proclamations when he starts getting into weeds. It's fun to have simple answers for everything but that's not necessarily how things actually work.

[@grizzz6884]

same here , i find is there to give us in the west hope , as we in the west , are the countrys , that ned the most imports

[@SteamCrane]

Word salad.

[@carlthor91]

Yes, Sal, also Peter insinuates it is legal for me as a non-citizen, no work visa, to interstate loads, with a truck? I don't think so, I can haul a load in, I can haul a load out, period. Peter also goes on to insinuate that foreign flagged airline can interstate freight, don't think so? I put a similar comment to this in the video, we are discussing. Sal, you are right, unfortunately Peter drank the Koolaid, that work for Americans is bad, foreign labor is good. Immigrants are good, my father was an immigrant from Sweden.

[@SteamCrane]

One of the biggest transportation problems the US faces is Precision Scheduled Railroading and 2+ mile long trains.

[@wgowshipping]

I agree. The whole situation with rail is an issue. Now airlines are trying to go down to one pilot, just like rail.

[@stevenreynolds8793]

Yes, healthy debate based on facts. Thanks Sal.

[@tomegg7707]

Trucking has the same thing as the Jones act. A Canadian or Mexican truck can only deliver loads in the US or load here and take it across the boarder. Bush tried to undo that law and failed.

[@dpg227]

I've read all Peter Zeihan's books and seen most of his presentations on KZbin. He has an interesting perspective, but I've always wondered if he was wrong about some of it. It was good to get some much needed counterpoint from an expert in shipping. In Zeihan's world, geography is destiny, and the U.S.'s destiny revolves around it having more miles of navigable waterway than the rest of the world combined, and the fact that shipping things by water costs only about one twelfth what it costs of shipping things by land. I would love to hear Sal and Peter discuss how shipping could be improved in order to fully exploit our natural advantages.

[@SteamCrane]

Water is much cheaper if you're not in a hurry, meaning that your cargo is unavailable to you for many days, otherwise rail or truck wins.

[@crazylocha2515]

Around 30 cents per mile for container to go by rail, not including the union to load/unload the container from either truck or rail car (variable union cost by regional contract). $1.25 per mile (broker fees come out of that) and up by truck. 5 days cross country by rail, and 3 days north to south, including time to put on trailer for endpoint delivery including another boat/ship elsewhere in the port. 2 days to drive across, 18hrs north to south. Pick how fast you want to get that product in the container. Aaaaand how long to ship/barge it? That's why. Which river was it going from NYC to Los Angeles again?

[@stephenrickstrew7237]

I’m glad I called Sal .. Peter Zeihan changes his tune frequently.. I think he does a very clever job of manipulating statistics and the truth to argue his point and he will do a 180 somewhere on down the river …and thanks for the story on the red river ..!

[@Dbgt5551]

As a resident of Shreveport I would rank the Jones act very very low on our list of problems for the city

[@steveamsp]

As an example of foreign ships going in to ports, Duluth Minnesota gets multiple ships coming in from/heading to Europe every year.

[@QuizmasterLaw]

because thanks to the locks Saint Lawrence is navigable to ocean going vessels. That's impossible on Mississippi. Too shallow, maybe silt and snags too

[@steveamsp]

@@QuizmasterLaw I completely understand why, but that just points out how absurd it is to complain about the Jones Act being the reason Shreveport doesn't get oceangoing shipping.

[@SteamCrane]

But these foreign ships are absolutely forbidden from moving any cargo from one US port to another. There is a large fleet of Canadian flagged lake freighters, but they also can't move cargo between 2 US ports. There is plenty of cross border trade, of stone, iron ore, coal, salt, etc, so it works out OK.

[@SteamCrane]

@@steveamsp I missed that point the first time through. Absolutely correct, and devastating to PZ.

[@C0sm0thek1ng]

I liked Peter Zeihan and have listened to some of his books. I don't think I've ever heard him talk about the Jones Act, I only just found his KZbin Channel yesterday. I agree with you Sal, it almost seems like hes contradicting himself. In my uneducated opinion I think maybe we could tweak the Jones Act, but I think its a decent law to have, even though it doesn't really do much nowadays.

[@rogerlafrance6355]

Interstate trade and international trade are two different things. For one thing, foreign transports, ours or others, can only enter or leave the US thru a Port of Entry and Customs.

[@cdrderfyt]

Thank you for providing context to what he puts out

[@eherrmann01]

The sad part is that the majority of people there probably walked away of that talk believing him.

[@barbeonline351]

First, it is pronounced like ZION. And I appreciated this. Peter is prone to hyperbole. Thanks for getting more granular.

[@PeoplePressHarder]

I enjoyed today’s episode 😂lol

[@ct8764]

I'm going to start a new KZbin channel called "What's Going On With 'What's Going On With Shipping"" Thanks Sal, loved the episode! Peter got me interested in finding out more about populations and geopolitics which is very interesting but I'm old enough to know to turn over some other rocks. Now I know about a quarter of what I think I know which is only a small fraction of what I need to know.

[@loucatozzi7656]

Peter Z is a perfect example of "jack of all trades and master of none". He has a very broad scope of information available to him and he can draw on it and present it in a very interesting and informative manner. He is very good at predicting broad trends in human activity but things get cloudy as he dives into subjects. If you compare his presentations against that of various subject-matter-experts he is found to be lacking in detailed understanding or appreciation of facts. That said, I love his presentations and books. I would not buy them but I'm happy to read them from the library or youtube for free. He is the epitome of "infotainment".

[@LackofFaithify]

No he's not. He was literally saying in 2010 that China would collapse within a matter of years. He was the top guy at a think tank named Stratfor for over a decade. You can quite easily go back and look at his predictions for well over a decade. Don't forget, some things start before we pay attention to them. Predicting in 2020 that Russia would go to war with Ukraine...it already had started that war in 2014, that's not a prediction.

[@loucatozzi7656]

@@LackofFaithify Im not trying to quibble but predicting China's demise and Russia's agressive expansions "in the next decade" is/was a fairly loose predictions. As things heated up in Russia and China descends into Covid and financial chaos he has tighten up his timelines accordingly. My comment about digging into details of his more sweeping predictions (electric vehicle adoption, wind/solar power production, etc) is that he is working from incomplete or inaccurate data and this is more apparant as he gets more specific about his predictions.

[@condotiero860]

As a fan of Peter Zeihan, this is much needed context. Peter often zooms over disparate topics such as: wheat, oil, Ukraine, America, microchips. It is overwhelming, but also lacks a lot of sorely needed context. Very jack of all trades master of none.

[@roderickcampbell2105]

I'm with SaL Loved the episode. Makes sense. The basic arithmetic and tax rates count.

[@atsmyles]

Peter Zeihan's knowledge of shipping is about as shallow as the J Bennet Johnston Waterway. Thanks for the in-depth analysis.

[@wgowshipping]

🤣🤣🤣

[@viksaini]

Dates do matter because history matters. Thank you Sal!

[@chrissears2395]

Awesome Sal, thank you.

[@bc-guy852]

Oh My - is it okay for Sal to have this much fun - and make a video at the same time?? Canadian here - commenting about a very 'USA-centric issue', the Act and both commentators here. But MY observation is that a guy named Peter, who goes off on some pretty extravagant tangents and comes up with his theories - has 'served up a fastball' after much massaging of the ball and staring down the batter. Professor Sal - at the plate - knocks dust off his spikes, plants himself - and then takes on that fat fastball served by Mr. Zeihan and crushes it out of the park. Sets a record for how far it lands in the parking lot I understand. But - - you know - just a Canadian's interpretation... You okay Professor? That looked fun - but draining!

[@wgowshipping]

It was fun...TOO MUCH FUN!

[@George7Baldwin]

I'm an avid Peter listener, and I've often wondered his accuracy. Zz-iiiii- Han (obviously you have not watch his 10m youtubes) is renowned for speaking out to politics of foreign countries. And their economic futures. And listening to Go Better Call Sal, also my favorite. Seam when Peter gets inner economic with US it does not work out.

[@jeffbangkok]

I was awake at 4 AM when you posted this but I saved it for my evening watch. Glad I did. Had a good laugh. Thanks Sal

[@wgowshipping]

Glad you enjoyed it

[@glyons1843]

Peter Zeihan is not only wrong about the Jones Act. Great video, Sal!

[@QuizmasterLaw]

Being wrong on basic facts matters because they are the basis for policies. If you think the Jones Act is wrong because it was made in the great depression as some form of protectionism in reaction to a global economic crisis when in fact it was made at the height of prosperity then critiques of the Jones Act would be likely to be inapt because they would assume it was 1. protectionist 2. inappropriate in a booming economy. If one can't get the facts right then one cannot make proper policy prescriptions. If you don't get the basics right then ideas about the advanced stuff will be likely even more mistaken.

[@AllNighterHeider]

Well written, and love the name. The real pLandemic is the suppression of financial education to implement financial repression without objection.

[@anthonyroberts7987]

I'm glad I can call Sal!

[@wgowshipping]

Thanks Anthony!

[@bladewiper]

"In the land of the blind, the one eyed man is king". Peter is the one eyed man talking to a group of blind people. You Sal, are fully sighted.

[@bc-guy852]

Nice one!

[@portalminer8813]

Thanks for another perspective. Keep it up.

[@TheSubHunter1]

Happen to agree here with Sal and how other factors such as interstate rail pipeline decimating coastal shipping guess what happened in Europe too Road rail and pipelines tend to be much faster and point to point (road freight more door to door)

[@tonysimons2860]

Brilliant challenge well executed.

[@masterbates2658]

Tell it like it is Sal. As a US merchant mariner I say Thank You !

[@richardkut3976]

Excellent, loved the history, you hit it out of the park. Thanks again,

[@mattc.310]

Is the audience just being polite, or are they on board with the Jones Act being the one thing standing in their way to prosperity? He reminds me of a few presenters I've come across. They made for some very lively discussions at the bar. It's ok to have opposing opinions, but it's better to have a discussion of the merits of each.

[@markearnest6534]

Thanks Sal, I am a PZ fan, at least of his books. His broad brush delivery on geo-political issues is entertaining, but it is equally entertaining to have someone identify, and document, were his brush went outside the lines.

[@thecactusman17]

I love that he's talking about his opposition to the Jones Act in Shreveport, a city that basically can only accommodate American ships designed to navigate the Red River and Mississippi River waterways because of shallow draft requirements.

[@murdelabop]

Trains: The United States has one of the largest railroad rolling stock manufacturing industries in the world, with the exception of passenger rolling stock. Maritime coastal trade wasn't destroyed by the Jones Act, it was destroyed by railroads being able to move freight more quickly and less expensively than ships, especially in the interior. And your observation that in the early 20th century the American population was heavily concentrated in the Northeast Corridor is spot on.

[@murdelabop]

Oh, I suppose I should mention that among the reasons that American railroad rolling stock manufacturing is as strong as it is is because American laws covering construction and certification of locomotives and cars is different from most of the rest of the world, so corporations that want to sell rolling stock into the American market have to build it specially for the American market, and they usually have incentives for building it over here, which is why Alstom, Siemens, Hyundai, Mitsubishi, and even China Railroad Rolling-Stock Company all manufacturer equipment in the United States. I suppose you could say it's the railroad equivalent of the Jones Act, but in an indirect way. And "Conservatives" will fight you about allowing "unsafe foreign equipment" on American rails, especially when it comes to modern, lightweight passenger trains.

[@davidpriestley1650]

@@murdelabop You'd be lucky to get a modern, passenger train running on US rails as the rail companies have been increasing the length of the cargo trains to the point where they can't be completely contained within the passing loop/sidings on single track routes - so the passenger trains are at the mercy of the extra long cargo trains. Plus the track infrastructure isn't the best compared with modern European networks, so unable to run at upto 200mph

[@murdelabop]

@@davidpriestley1650 Yup. The American railroad companies are literally choking on their own success. They've refused to invest in upgrading their own infrastructure, and they've refused to invest in equipment operators, and they have invested heavily in lobbyists, so that now they're having trouble moving their own trains over inadequate infrastructure, let alone high speed passenger trains. It's maddening to watch.

[@amariner5]

Excellent rebuttal. The Jones Act opponents aren't interested in facts. Short sea shipping doesn’t work for containers because of the labor costs of moving the container from mode to mode, off one water vessel to another, has to be lifted with a crane, landed on a truck, moved to the yard, lifted off the truck, lifted off the truck, then lifted on to another truck, rolled to the next vessel, loaded and lashed. As opposed to just being trucked from point to point. If you were paying to move a container from point to point, road might be best. However for bulk cargoes barges might be efficient. Skip the tie, if it's that loud.

[@SteamCrane]

From a physics standpoint, rail is by far the best mode for long distance transport. Unfortunately, this advantage is lost due to railroad management stupidity.

[@laurenglass4514]

Thanks!

[@wgowshipping]

Thanks Lauren!

[@TheLawlbreaker]

I saw this and was wondering if you were going to post a rebuttal. Zeihan pumps out so much overly-generalized opinion in so many subjects, with the result being that he offers up a lot of bad takes that become debunk fodder.

[@Anthrofuturism]

Gold. Thanks. Been having to push back on Zeihan regarding some of his nuclear content.

[@douglaspierce8480]

I'm a rail fan, and every day I see videos of massive trains with double stacks of containers going back and forth across this country. The railroads move the bulk of container freight in this country.

[@TheSubHunter1]

As for development of the transport in the USA there’s a lot more issues more to do with inefficiency in the sectors The USA ranks 14th most efficient in logistics when you look at the world bank LPI reports

[@andypreiser5919]

Excellent commentary. Go sal go!!

[@wyskass861]

The component of requiring American built ships is the one I find least viable. The regulation, ownership and labor, and national security of those aspects make more sense.

[@Hayman1969]

Peter without any experience in shipping is an expert in shipping...... yes that is Peter in all things. 😂

[@QuizmasterLaw]

EXACTLY.

[@TimBatSea]

Great job as always Sal! Keep fighting the good fight. I always get sucked into Jones Act stuff, only to be left thinking some people will blame anything on their problems on a complicated law from the 1920s, something no one will ever fact check. Better call Sal!

[@paintballthieupwns]

Hello Sal - Have you ever done a steel-man of the critiques of the Jones Act? Like from the position of a supporter of the Jones Act what do you think are the best arguments of the detractors and maybe what are some issues/improvements that critiques of the Jones Act are missing? Love the channel btw - I know much more about shipping and how it touches our lives now

[@stefanratkiewicz]

Who the hell is Peter Lobbying for. Great rebuttal Sal.

[@Thomas-wn7cl]

Good question

[@sailingirwin5489]

Well done

[@fredogden936]

Love your channel. I also like Peter Zeihan's big picture lectures. (I believe his name pronounced more like Zion.) With regard to the Jones Act, my only first hand experience with it was 20+ or so years ago when I worked for a large offshore drilling contractor and was tasked with preparing a bid for one of our rigs out US GOM for work in Alaska. Of course, we used those Dutch owned semi submersible HLVs for intercontinental rig moves. Yes, I understand Alaska and and northern Gulf of Mexico are part of the same continent. The voyage would have to go through the Magellan Straits since the ship and cargo was too large for the Panama Canal. A long voyage to be sure. But, our competition would be coming from SE Asia, at an even higher cost aboard one of those Dutch HLVs. Although being the low bidder, we could not obtain a Jones Act waiver, at least with the time constraints we faced. I do remember being advised by some bureaucrat to consider other options such as an American flagged submersible barge towed by an ocean going tug package. I can still hear our insurance company's marine warranty surveyor trying not to laugh... a jack up drilling rig on a barge being pulled by tugs any where near the tip of South America. My young self learned a lot from that experience. One lesson was that the Jones Act had some stupid aspects to it. I take your national security points. But, It's been over a hundred years it could probably use some revisions.

[@wgowshipping]

I agree that it needs revision. But Peter's view was repeal by arguing false issues.

[@fredogden936]

@@wgowshipping Yes. He oversimplified a complex situation. It's easier to get away with that on an international scale.

[@fredogden936]

Or as you point out false issues.

[@DougBow96]

😂 Amazing job! Appreciate the healthy debate. Love it!

[@FRRitter]

Interesting review; with no Jones Act would Shreveport be a viable sea port? About the same chance as Wichita has or Des Moines. Normally we enjoy both you Sal...and Peter, in this exchange Peter introduces the Jones Act as cause of all ills for Shreveport... while you wrap yourself in the 120yr old protectionist act maybe a bit too much. Any answers for America's many Shreveports?

[@breft3416]

Thanks, Sal! I think the question isn't what Peter is saying, but why?

[@eriksonflynn1973]

Thanks, Sal for the breakdown!

[@skipperry63]

Thank you Sal! Great video with great information!

[@jesdakosol1797]

I’m with Peter Z. The time change the laws should be adapted to the real time. After we try for a decade. If it doesn’t work. We can change to the old laws. Or to whatever work best. The one who can adapt will survive.

[@MyShyCats]

You make this all so interesting and relevant!!! I never considered shipping before! Thanks for all the info!!

[@laurenglass4514]

This is why real debate is so important. In depth debate and analysis. Thank you for showing a “debate”

[@aconsideredmoment]

The real question is who is profiting off of this speaker? What is the agenda? He is in style and content using alternative facts to generate anger toward the Govt. What legislation is in play? Any ideas? Reminds me of Koch bros. funded activities. Thank you for countering his talk with facts.

[@patriciatennery3021]

Section 27: you taught me about this in Houston/ New Orleans a long time ago.

[@robg9236]

The Jones act was not passed during "the height of economic prosperity". There Wass a postwar recession in 1919 and a relatively (compared to 10 years later) depression in 1920-21.

[@wgowshipping]

Yes, there was a deflationary recession/depression in 1919 and then 1920 due to post WWI policies, but the US quickly recovered from it and experienced economic growth in the 20s due to its new creditor status. Zeihan specifically stated the Great Depression.

[@alexinness]

I like the debate, keep going.

[@cmisita]

WOW, Thank you for those facts! 👏🙏

[@Fderfler]

Thank you, Sal. Well done! It would be great to get you both on the same stage! Peter tends to tell people what they want to hear. He's best when he stays with demography.

[@dalevonthun5257]

You are fascinating to listen to. Thanks for pointing out the gross errors. I wonder if the folks in the audience were as discerning?

[@wgowshipping]

Good question!

[@tomcook5813]

Zeihan is working the audience, suspenseful pauses….throwing numbers out in a way as to sound smart. He knows no one in the audience is going to remember a number he quotes and check on it.. The trash bag ponytail, the cheap suite, I bet he has sold a lot of cars to 55 year old grandmothers

[@charlestuozzolo7283]

Gee Sal another comedy show. Loved it. Only question was is this guy from this planet or one in another universe. But great filling in of the facts by you. I listened intently.

[@theknifedude1881]

Thank you for explaining the Jones Act. I’ve read a couple of Peters books and listened to a bunch of his KZbin product. I’ve found enough errors which he is Very sure of that I certainly don’t take him for Gospel.

[@Hellfr4g]

the piont is: the cheapest way to get goods from one place to another is shipping over water (if available) excluding pipelines all the goods between san francisco and LA have to go by rail and road, so beeing able to ship goods between those metropolis cities would lessen the strain on all the onshore infrastructure only because u subsidize the hell out of land transport doesn´t mean he hasn´t got a point there

[@dpg227]

Is it possible to boost the U.S. economy and reduce pollution by reforming both the Jones Act and the subsidies to land freight transport?

[@timothysullivan2997]

Spot on with the Jones Act and the reason it was passed. One of the few good points of the Wilson administration. Absent the Jones Act, I seriously doubt we could have built the ships necessary to win World War II. Peter is a libertarian at heart. It's cheaper to employ foreigners and easier to make companies wealthier. He simply can't see past that. It trumps everything for him.

[@autophile525i]

8:14 *ONE OF* the reasons you don't see cargo ships (including barges?) on the river every minute is the Jones Act. He never said it is the *ONLY* reason. *IF* there was more demand for shipping on domestic waterways, there would be more dredging, more investment in locks for bigger ships, and all that would be going on *NATIONALLY*. Keep keeping Zeihan honest.

[@AllNighterHeider]

Value is very subjective. Most people don't give a thought to oxygen, until they desperately need it. Great explanation of your perspective, thank you Sal

[@robertlevine2152]

Sal, I agree with your views. I do think you missed a few points. Every vessel doing business in Shreveport is already a Jones Act vessel. So, if the Jones Act were eliminated the towboats and barges could be built overseas, foreign crews could be used, foreign countries could own and operate the tugs and barges. I don't think destroying an American heritage industry would go over well. Mark Twain would be rolling over in his grave. There are two major locomotive manufacturers in the US, Electro Motive Diesel (EMD), and GE Locomotive. Siemens Locomotive, has recently started building passenger train locomotives in the US. I believe the major of the rail cars used in the US are built in the US. I earned my living working for oil companies doing maritime transportation business in the US. I believe that maritime transportation benefits from the existence of cabotage laws that require domestic fleets. I believe that the migration of vessel ownership, management & operations, and crewing from countries like the US. Great Britain, The Netherlands, Japan, Denmark, etc, weakens the core of maritime expertise. I fear that with the development of Artificial Intelligence (AI) there will be a push for unmanned cargo ships to sail the season. It won't matter where the ships are built or where the owner operates from. That is until a ship catches fire, or runs aground, or is involved in a collision. And then, your friend will still blame the Jones Act. Bob

[@LackofFaithify]

Zeihan always tailors his product to what his audience wants to hear with an emphasis towards demographics and certain business interests. And can you really trust someone that doesn't want to go to NOLA for drinks?

[@wgowshipping]

I would be in NOLA every Thursday night!

[@SteveSmith-mu2fy]

to be fair peter gets invited to speak at events and tailors his argument depending on his audience.

[@craineTV]

@@SteveSmith-mu2fy is that fair?

[@dougowen9873]

@@SteveSmith-mu2fy Hey Steve, next time Peter "tailors" his argument let hope he knows when the great depression occurred.

[@johngrimm511]

I can’t believe people actually pay this guy ! Thank you Sal.

[@terrymarshall3377]

Great information

[@jimmyfaherty8588]

Well Done.

[@oaktree6333]

Everything I learned in life I learned from Peter.

[@effexon]

this gives weird Cable guy vibes

[@centurion1945]

I'm very skeptical of the foreign trains percentage he gives, maybe he's including total rolling stock (boxcar, refers, gondolas, etc) but for locomotives the Class 1 railroads are a mix of GE Lcocs (Now owned by Wabtec of Pittsburgh PA) and EMDs (Owned by Caterpillar) As for passenger trains, while foreign companies dominate this market for design, the factories are all based in the U.S. Amtrak for example buys a lot of trains from Siemens a German company, but the trains are all built in a factory in California. Kawasaki makes the NYC subway trains, but the factory is in Yonkers NY. In fact, in a vain similar to the Jones Act, the Federal Railroad Administration and AMTRAK are both bound to "Buy American" Contract clauses which require all US steel and US made end-products in order to qualify for contracts or grants.

[@wgowshipping]

Thanks for this. As I said, I knew a train person could answer this.

[@topiasr628]

Details sheemtails... Who need detailed analysis when people get their news from the headlines they see as they scroll. The problem is we haven't had a war or incident to remind people what powerlessness feels like.

[@anthonyroberts7987]

Sorry....I can't trust a man that wears slippers with a suit and tie. Thanks, Sal, for this. Seriously,,,,thank you for the thoughtful pushback

[@galvint2]

What is this, a crossover episode? Love it Sal, gotta get you two in a room together.

[@QuizmasterLaw]

I did the research: I don't anticipate a resurgence of piracy. You don't have to believe me but come back to this comment in a few years.

[@krissywhiting916]

I learn so much when I watch this channel. Great 'fact checking'. I feel bad for the people listening to him telling untruths.

[@davidwilson2394]

Seriously that is the worst tie I have ever seen. Sal you have better style. I would have walked out of the room when I saw the tie. Thanks for this video. 👍😃

[@squid0013]

He is 100% wrong about the red River. The reason is the Upper Baton Rouge bridge. Secondly the river is not easily navigable as the mississippi and the other rivers

[@bryanachee7133]

The bridge is the smaller obstacle. There is just no depth much above it.

[@QuizmasterLaw]

Your river is too shallow for ocean going vessels, but Peter Zeihan is even shallower.

[@apoco_lips9957]

Peter zeihan, the epitome of meritocracy

[@RexBennett-w5v]

thanks for your insight sal a smart man will look at multiple sides in an attempt to figure out a reasonable solution