recently listen the water is cost mi reaction is bad i dont believe water cost money…
im refering that
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Of course water costs money, it needs to be treated, controlled and distributed. That doesn’t happen for free. If you want free water go drink from a lake.
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@cacronia That’s good news. Market traded derivatives like those futures contracts are essential for enabling effective risk management (cost/supply in time) for scarce resources.
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why would u drink water if you can drink milk though, especially if u have to pay for it?
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Indeed. Milk comes from fridge and fridge don’t charge no money.
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I suppose he was talking about Water as an asset, I think that would be great, I mean in the future things like a river or a lake or other hydric source would important ( Already are ) cus they represent money, another reason to take care of nature.
I think he thought that at some point someone would hoard so much water that would make it really expensive to even drink it
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I agree that this is a bit confusing even to think about. When we drink water, most of it makes its way back to the natural reservoirs eventually. This water is cleansed to a standard, before it’s allowed to get back to nature, and this is why we’re not completely out of drinkable water so far.
What we pay for water now is basically water extraction, special cleaning, delivery and tara fee + whatever the seller feels reasonable to add. With what enters the economical field, pricing will be influenced by the market laws, and those have little to do with the actual value of something. There’s neat potential for speculations.
Also current world water problems have to do with the lack of decent cleansing systems in many regions, as well as climate change. I do not see how stapling a dollar bill on one of the three basic and most essential resourses addresses any of that.
Once again, that may be because I’m from Russia, and here, when you hear that something will be commercialised for the benefit of citizens and general protection, in 100% times, without a single miss, it means something is going to be milked for government funds and privileges, then sucked dry for money, then exploited to gather astronomical fees from poors, then completely abandoned and swept under the rug like it was never there in the first place.
Think of this:
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So because California has a water shortage they decided to make water tradable on wall street. Maybe because they tore down 100+ dams to store the water and a lot goes straight to the ocean. And since it has a lot of agriculture, that uses up a lot of water. It’s been a problem for that state that everyone has seen coming for…more than a decade I think.
But despite throwing away fresh water, it’s not a big deal because there will eventually be a cost ceiling. Desalination plants will be worth constructing and the cost of water will not go any higher than the cost of desalinating water for profit.
I hope for desalination plants to be more common because the technology needs more advancements to make water cheaper anyway.
But don’t get me started on laws that say you can’t collect rain water. If I can’t drink a cup of water that falls from the sky, I might as well not be allowed to breathe the air that blows.
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I really do not believe desalination plants is the solution or a reasonable way forward, they have a far too high an environmental impact both from energy consumption standpoint and from the marine life impact the concentrated brine with all other filtered out wastes that they release back into the ocean.
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That might be the best illustration of socialism I’ve ever seen.
It doesn’t and it isn’t meant to. Futures contracts are a tool that allows you to secure yourself in case of future price changes (either going up or down). Take those predictions/speculations GDBringer makes for example. Depending on whether or not you agree with them (or any other), you can assume short or long positions on those contracts.
This is a common problem that is a result of government corruption, it is not inherent to a free market. There are no truly free markets in existence (especially not in post-communist countries, like yours, or mine).
In a proper free market the price would be the most accurate representation of value.
This is interesting. In Poland we have laws that penalize you if you don’t collect rainwater (as a landowner).
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Idk lactose intolerance ppl tho lol
I haven’t drunk milk on its own for years
Milkshake tho that’s good
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