Comment by Eisenstein
Comment by Eisenstein 19 hours ago
Free markets fail when allocating resources like water. The problem is that when someone needs something to survive, the market stops working because the value is infinite to them. Another reason it doesn't work is because you can have people who need it but are too poor to pay what others will pay for it. If someone with more money comes in and buys all the water, they can then charge what they want for it or just dump it into the ocean if they feel like it. It also doesn't work when the product is common use, like a road or a park, because their is no profit in providing something everyone benefits from but will not directly pay to use. Property rights and markets are not the ultimate way to allocate all resources.
I think people get emotional when they talk about water, but it's easier when it's broken down into more specific categories-
Every person should have the right to clean easily accessible drinking water in their homes. We know how to do that, it just costs money but it should be a basic responsibility of every government.
Beyond that if you want to use water for whatever then you should have to compete for it in a market. Maybe the only other exception might be growing sustenance food. But those systems (as they are currently implemented across the world) quickly get political- but no one should starve because water is too expensive either.
The thing is that almost all of the time that's not what's at stake when talking about things like data centers- it's a strawman.