Earlier quoted context omitted.
Nice! Perhaps the problem is that there's too much water on the market, due to the government handing out too much too cheaply? Edit: Ah, looks like yes; the government was working on undoing this mistake by buying back water rights at large expense, but stopped because, errr, politics. Although it sounds to me like the real mistake here was maybe giving away rights to use water in perpetuity in the first place (whic…
> Nice! Perhaps the problem is that there's too much water on the market, due to the government handing out too much too cheaply? No, the original design was done by CSIRO, the government scientific arm. AFAICT, is was pretty well done. The problem is entirely political. The river system is about 3000km long, and passes through 4 states. The state politicians suffer almost no repercussions by white anting the agreeme…
And the state politicians allow this because of competition, basically subsidizing local water by letting people draw it for free, while externalizing the cost to other states?