Earlier quoted context omitted.
The land and any associated rights was taken from the Native Americans by coercive force. Not a market. Not that they have any particular claim to it; states own land, not ethnicities. The particular state that controls land sometimes changes. This has little to do with any discussion of water rights. I am suggesting expanding their water right- instead of only the right to do X, Y, Z with the water, take whatever ri…
I can see you don't recognize native sovereignty. Tribal nations are domestic dependent nations, and count as a "state". The water rights were not taken by coercive force but remain with the nation, and at least nominally protected by treaty rights. It's very odd that you talk about a decentralized market when water allocation in the US Southwest was decided by the Colorado River Compact in 1922. This is central allo…
Nominally is exactly right! The treaties have been violated many times.
You're missing the 1959-61 famine in China! Sure, famines have happened for other causes. Typically 100+ years ago before technology advanced. Now, famines largely come from poor governance.
Thanks for the background info!
Yes, I agree it is a patchwork system- and its probably quite difficulty to analyze! I'm arguing that a private ownership model with trading would lead to better outcomes, and basically end for all practical purposes water shortages.
For example, the smaller mostly Hispanic farmers you described above wouldn't lose their water rights in a rights ownership system- they could hold them, rent them out, sell them etc. But they wouldn't lose them merely for being unable to farm. Of course, water rights are a resource rent and it might be desirable to tax them as well- effectively economically partially public ownership- but this doesn't change the core argument about the efficiency of tradable rights.