Theres currently a big water shortage in much of the south. I was just having a discussion with some others about this situation, and the discussion started moving towards markets and government intervention. I was actually taken aback when I found myself actually ADVOCATING government intervention and control in this situation.
I've been thinking about it a bit, and I can't really come up with any way that government intervention would not be the best solution.
Take a situation where water supplies are very limited. Without government regulation, (and actually as it stands right now) anyone can get their own water (well water, for instance), and eventually, it could all be used up. Also, if you had a private company providing water service, the prices would skyrocket as supplies dwindled. This would prevent the poor from having access to one of the basic necessities of life.
Whats the solution here? Is there really no other way than for the government to ration the water, to prevent people from getting their own water from the ground, and so on?
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