Jonesing For Economic Recovery
With Hawaii hosting APEC, talk about the value of free trade among Pacific nations has hit our local media. There is, however, no mention of the restrictive trade laws, like the Jones Act, that severely limit international shipping.
Foreign-flagged vessels cannot freely engage in international commerce in Hawaii, and our ability to export and the exorbitant costs of our imports are controlled by a tightly held local company.
If Horizon fails, there will be only Matson and its parent company, Alexander & Baldwin, holding a nearly total monopoly. Pasha will still be operating on its limited basis.
The cost of living in Hawaii is much higher than anywhere else in the United States. Because of our isolation and unique dependency on shipping that is controlled by a monopoly, the cost of living will only get worse.
Hawaii’s political elite can talk all they want about free trade, but as long as they take campaign contributions from those that control it now, there won’t be any competition any time soon.
Honolulu, November 12, 2011 – In his just-released white paper report entitled HAWAII’S POTENTIAL FOR OPEN PORTS AND FREE TRADE IN HAWAII, Adopting Singapore’s Economic Model, John Carroll, a candidate for the U.S. Senate, lays out a bold plan for removing shipping restrictions that stifle free trade for Hawaii.
Hawaii has long suffered from restrictive and antiquated maritime laws that limit shipping and prevent foreign flagged vessels from competing. This lack of competitive shipping has curtailed the development of our agricultural industries as well as having driven up the cost of living for every Hawaii resident.
Carroll says the removal of specific laws, like the Jones Act and ensuring compliance with the Commerce Clause are critical if Hawaii is going to enjoy economic prosperity.
“If what is offered here becomes reality, I will rest in peace knowing that a wonderful future will be available for all Hawaii’s children to come including my eight great grandchildren. I have worked for over forty years to get these onerous restrictions eliminated, “ said Carroll.
Carroll would also like to thanks those that helped him prepare this white paper report: Keith Rollman, Cormick Barnes, Ingrid Johnson, Sierra Payne and Moe Sy and their mentor Ken Schoolland for their contributions and support.