> Which is why price signals are one of the dumbest of all possible ways of managing resources. They're a political non-solution to a physical problem. Au cont

> Which is why price signals are one of the dumbest of all possible ways of managing resources. They're a political non-solution to a physical problem. Au contraire; distorting or ignoring price signals is the dumbest of all possible ways of managing resources, precisely because you let people pretend that the underlying realities don't need to be contended with. > Water prices reflecting scarcity are not a solution for water scarcity. I assume the GP is referring to things like how agricultural water is dirt cheap in arid parts of the US. By making those prices better reflect reality (of scarce water in those regions), water-intensive agriculture will need to happen elsewhere, freeing up water for residential consumption, for example. > why the UK's water companies are currently dumping raw sewage into rivers. Hint: because they can, and because it's more profitable than filtering it first. So you agree that price signals would fix this problem?