korrents

korrents · piece

The economic irrelevance of naval power

John Quiggin · 12 Oct 2026

Read the piece on johnquiggin.com ↗

2 korrents from this piece ↓

John Quiggin did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. But even at its peak, the economic cost of piracy was minimal, no more than around $10 billon a year on a generous estimate.
  2. It is true that sufficiently power navies can still impose blockades ,as the US is doing now. But that does not help the global economy.

Keep reading