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Is there enough forces trying to solve this issue? Isn't there a void here for the market to intervene? Why hasn't it? AFAIK agriculture is quite inefficient.
by kajaktum 3y ago
Is there enough forces trying to solve this issue? Isn't there a void here for the market to intervene? Why hasn't it? AFAIK agriculture is quite inefficient.
- mrguyorama 3y agoBecause "the market" doesn't actually fix shit, even if water rights were anything like a market system in california. The ONLY thing a market does is incentivize people to increase profits, period. Unless you can tie proper better water management DIRECTLY to increased profits, with ZERO ALTERNATIVE WAY TO DECREASE WATER COST, the market will do ANYTHING other than reduce water usage. For example, if it's cheaper to lobby the government of california to force citizens to use less water, then that's exactly what will be done. Which is what HAS been done for at least a decade. "The market" isn't magic, despite what your Economics 101 youtube channel of choice says.
- kajaktum 3y agoAs opposed to what? Good will of the people to finally figure something out? lol. The only tool we have are incentives. Good luck convincing people "intellectually" or "philosopically" or "logically" to do the right thing.