SC Ports Confident Of Business Boost
AGENCY SAYS ITS PROJECT ISN’T “POACHING” FROM OTHER PORTS || By FITSNEWS || The You must Subscribe or log in to read the rest of this content.
AGENCY SAYS ITS PROJECT ISN’T “POACHING” FROM OTHER PORTS || By FITSNEWS || The You must Subscribe or log in to read the rest of this content.
11 comments
SC Ports Authority is riddled with corruption. It need to be exposed, and those engaged in the corruption and criminal conduct sent to federal prison.
I’m sure commenting under the name Corruption Buster will help.
That’s not news. What would be news would be g’ment and longshoremen leaving your port alone.
“The bigger ships are not going to create by magic more business,” Rodrigue said.”
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The most important economic statistic that improves living standards for the population as a whole is increased worker productivity. Of course, public policy must deal with worker dislocation and how the benefits of productivity are divided, but higher worker productivity is the only long term way to raise incomes.
The larger ships will be more efficient and cost effective and therefore improve worker productivity.
The best example of “public policy” is “The Forgotten Depression-1921: The Crash That Cured Itself” by James Grant.
What still boggles my mind is that the ship building industry was able to get every country and every port on the planet to go along with something that is costing governments and ports trillions(?) for something that isn’t really needed except to the people who want to build bigger ships.
I don’t think they would build bigger ships if there weren’t buyers. I don’t think Panama would spend all that money on expansion if there was no demand for it.
Unless of course, it’s cartel money. Ever been to Panama. It’s flush with cartel cash being used to fund giant condo projects that site empty.
Just because there is ginned up ‘demand’ does not mean something is actually necessary.
“necessary” is a very subjective word.
Almost right. If those port clearing jobs are going to private enterprise, then they usually make good economic and business sense.
If it’s all g’ment jobs, then more than half the costs will be wasted and the results will invariably be half-fast.
… Bohica.