4 ms·

Isn’t this capitalism working as expected?

• chasd00 3y ago
  no not really. If it were then the cost of water would be driven by market forces. Here it isn't, it's driven by old water rights. The price of water for agriculture is staying constant but demand has greatly increased. If things were working as they should be the higher demand (and constant or decreasing supply) would result in increasing price. Increasing price would drive agriculture to make more efficient use of the water but price isn't rising so there's no incentive to be more efficient.
  • fnimick 3y ago
    Monopolization of resources (water) by rich business interests is also an inevitable part of capitalism.