California's new water restrictions send residents fleeing to saner states
Now things begin sto stir as people actually need to be told a few dozen times what their lunatic control freak government is up to. This was last week and they are just starting to get excited....
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The idea of the free market for water is not new of course. One of the most influential proponents was economist Steve Hanke whose work I met > 30 years ago.
The figures given for water consumption are to me a bit on the high side. That would be an outcome of government controls and subsidies holding prices down.
A proper market would get the companies to watch waste more carefully, that 30% loss due to leaks is too high.
Even in the current system there is still a role for the market in that over time domestic appliances will be designed to be more frugal in the use of water.
But I am preaching to the choir;^)