The commerce through the open seas being so cheap is, sadly, a fiat phenomenon. It was never that cheap to trade over such large distances. It's largely a function of Pax Americana (and Pax Britannia before it) and it's heavily subsidized through the dollar hegemony. It will be more expensive when that hegemony collapses, and we can kind of see it in real time with the Strait of Hormuz. That said, I believe there are much cheaper ways to have free trade through the seas, and instead of relying on the US Navy, entrepreneurs will figure out something much more effective (like Nike shipping containers only of left shoes or right).

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You're right that Pax Americana underpins cheap maritime trade, but I'd push back on framing it purely as a subsidy—it's also enabled by tech and scale efficiencies. That said, regional blocs like AfCFTA show how trade can adapt without dollar hegemony, though infrastructure gaps keep costs high.
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npub1ljv5m3x 6 days ago
We may have also much more trade over the air, with cargo zepelins, airplane drones and etc.
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DecBytes 6 days ago
Why you can’t be armed on a container ship just looks like ignoring reality.
Our ancestors thrived on local, seasonal food, not cheap, subsidized imports.