Naval shipbuilding is under close scrutiny as military spending starts to decline. At the same time, the U.S. Navy is altering the composition of its surface combatant fleet — eliminating cruisers, building more complex destroyers, and introducing a new class of small surface combatants — the littoral combat ship. What effects will these changes have on the future of the surface fleet? Will the mix of cruisers, destroyers, and littoral combat ships planned by the Navy be adequate to fulfill its missions? A recent report on the first littoral combat ship (LCS-1) raised some serious questions about the ship’s range and durability. Others have noted the LCS’s high cost relative to acceptable alternative platforms. Given that the LCS is supposed to constitute a third of the surface combatant fleet by the late 2020s, is it time to consider other options? The role of the LCS may also need rethinking. What possible alternative mission sets and force structures might be appropriate, given the likely security environment? Please join us as our expert panel discusses the future of the U.S. Navy’s surface fleet.
Featuring Holly Bell, Associate Professor (Business), University of Alaska Anchorage; and Hester Peirce, Senior Research Fellow, Mercatus Center; moderated by Louise C. Bennetts, Associate Director, Financial Regulation Studies, Cato Institute.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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