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You are completely correct, in that I have in no way proven that a market in water will provide sufficient quantity for all the residents of any specific (or ge
by nickff 12y ago
You are completely correct, in that I have in no way proven that a market in water will provide sufficient quantity for all the residents of any specific (or general) area to live off in the long-term. I have only said that there would be no water use restrictions, or problem of the wells and dams running dry, which are usually described as 'droughts' or 'shortages'.
A very strong case can be made that a market for water would provide enough water for all the individuals to use (in developed areas), as well as resolving the aforementioned issues, but it is impossible to prove on theory alone; we would have to test.
- mikeash 12y agoI agree that it's likely a market solution would be adequate in this case, and in developed areas in general. The market price for water in most places seems to be quite cheap. Thus why I was only criticizing the analogy, not the conclusion.