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The article talks up the market-based solution devised in Australia.  While in theory I'm pretty skeptical of market-based solutions to environmental problems, in theory I could imagine how it would work.  Markets, when they function, can encourage actors to reduce expensive imputs, and encouraging end-users to be more water efficient was the whole point of the system.

However, I find it rather amazing that a few speculators didn't just swoop in and buy all the water, then set monopoly prices.  Australia's water market must be pretty heavily regulated.

by Zwackus on Sat Mar 29th, 2014 at 09:26:27 PM EST

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