Shyam Sankar

You need more than just building government warships because to this point of a diversified R&D base, a workforce that knows how to do these things, you need scale, right? As we all know, the one shipyard in China alone has more than all the shipbuilding capacity of all the U.S. combined, right? They have 250 times the shipbuilding capacity that we do.

You need more than just building government warships because to this point of a diversified R&D base, a workforce that knows how to do these things, you need scale, right? As we all know, the one shipyard in China alone has more than all the shipbuilding capacity of all the U.S. combined, right? They have 250 times the shipbuilding capacity that we do.

You need more than just building government warships because to this point of a diversified R&D base, a workforce that knows how to do these things, you need scale, right? As we all know, the one shipyard in China alone has more than all the shipbuilding capacity of all the U.S. combined, right? They have 250 times the shipbuilding capacity that we do.

I'm not sure that we need to match them, but we need to be able to produce ships. When we say we're going to have two subs a year, we need to have two subs a year, not 1.1.

I'm not sure that we need to match them, but we need to be able to produce ships. When we say we're going to have two subs a year, we need to have two subs a year, not 1.1.

I'm not sure that we need to match them, but we need to be able to produce ships. When we say we're going to have two subs a year, we need to have two subs a year, not 1.1.

I think it's all of the above. So they're not building 250 times the number of warships, but the ability to produce commercial ships enables them to drive down the cost of producing the warships and enables them to produce the warships at a speed that's relevant to building their Navy up to be big enough to keep us out of the theater or to create dilemmas and problems that we have to deal with.

I think it's all of the above. So they're not building 250 times the number of warships, but the ability to produce commercial ships enables them to drive down the cost of producing the warships and enables them to produce the warships at a speed that's relevant to building their Navy up to be big enough to keep us out of the theater or to create dilemmas and problems that we have to deal with.

I think it's all of the above. So they're not building 250 times the number of warships, but the ability to produce commercial ships enables them to drive down the cost of producing the warships and enables them to produce the warships at a speed that's relevant to building their Navy up to be big enough to keep us out of the theater or to create dilemmas and problems that we have to deal with.

And so I think we should be thinking about how, what would be, it's just a thought experiment, but what would be required for commercial shipping, ship construction in America to be competitive on the world stage? I think we have to take an asymmetric approach because if we're just doing labor versus labor, we're going to lose that. But if we say, actually, we're going to build the first

And so I think we should be thinking about how, what would be, it's just a thought experiment, but what would be required for commercial shipping, ship construction in America to be competitive on the world stage? I think we have to take an asymmetric approach because if we're just doing labor versus labor, we're going to lose that. But if we say, actually, we're going to build the first

And so I think we should be thinking about how, what would be, it's just a thought experiment, but what would be required for commercial shipping, ship construction in America to be competitive on the world stage? I think we have to take an asymmetric approach because if we're just doing labor versus labor, we're going to lose that. But if we say, actually, we're going to build the first

commercial nuclear cargo fleet. It's going to have the lowest cost of operation. It's going to be able to be in service much longer.

commercial nuclear cargo fleet. It's going to have the lowest cost of operation. It's going to be able to be in service much longer.

commercial nuclear cargo fleet. It's going to have the lowest cost of operation. It's going to be able to be in service much longer.

And we're going to leverage the Navy's unique knowledge of how to do this in order to power this American prosperity that's going to then drive up the volume in shipyards, drive up the capital requirements and the ability to leverage capital markets to build new shipyards, bigger shipyards, to do the facilitation. Because right now, all that investment is on the American taxpayer.

And we're going to leverage the Navy's unique knowledge of how to do this in order to power this American prosperity that's going to then drive up the volume in shipyards, drive up the capital requirements and the ability to leverage capital markets to build new shipyards, bigger shipyards, to do the facilitation. Because right now, all that investment is on the American taxpayer.

And we're going to leverage the Navy's unique knowledge of how to do this in order to power this American prosperity that's going to then drive up the volume in shipyards, drive up the capital requirements and the ability to leverage capital markets to build new shipyards, bigger shipyards, to do the facilitation. Because right now, all that investment is on the American taxpayer.

And that's why we struggle with it. Like, how much should the taxpayer keep dumping into these shipyards? The answer is always more, but we're getting less for our money every single time. And the way out of this problem is to realize that monopsony, the government as a sole buyer, is actually the problem. That's how we got into this problem to begin with.

And that's why we struggle with it. Like, how much should the taxpayer keep dumping into these shipyards? The answer is always more, but we're getting less for our money every single time. And the way out of this problem is to realize that monopsony, the government as a sole buyer, is actually the problem. That's how we got into this problem to begin with.