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Contrariwise, it will likely increase access to water by allowing futures contract prices to signal future scarcity and motivate capital investment in productio
by chordalkeyboard 6y ago
Contrariwise, it will likely increase access to water by allowing futures contract prices to signal future scarcity and motivate capital investment in production.
- donmcronald 6y agoThis is one area where I’ll take government investment over capital investment every time. I can’t imagine how bad it would be having water production controlled by a bunch of capitalists. What happens when private equity buys out the tech and rights so they can put it into value extraction mode?
- chordalkeyboard 6y agoThe cost of the futures contracts would go up in anticipation and other capitalists would invest in order to make some of that sweet profit and then there would be more people competing to produce water. Basically the opposite of the government, who would tell you "you use too much water", raise taxes and institute rationing.