Navy's Focus on Seapower Overlooks Commercial Trade Importance

Jim Bianco, president of Bianco Research posted on X, highlighting a discussion on the distinction between 'seapower' and 'sea power.' Seapower refers to military strength, while 'sea power' involves commercial trade. The US Navy's original purpose was to protect shipping lanes and enable commerce, a focus seemingly lost in recent years. The Navy's current emphasis on military might overlooks the importance of commercial trade, as seen in the insurance industry's retreat affecting the Strait of Hormuz.