Water Capitalism: The Case for Privatizing Oceans, Rivers, Lakes, and Aquifers

Water covers some 75 percent of the earth’s surface, while land covers 25 percent, approximately. Yet the former accounts for less than 1 percent of world GDP, the latter 99 percent plus. Part of the reason for this imbalance is that there are more people located on land than water. But a more important explanation is that while land is privately owned, water is unowned (with the exception of a few small lakes and ponds), or governmentally owned (rivers, large lakes). This gives rise to the tragedy of the commons: when something is unowned, people have less of an incentive to care for it, preserve it, and protect it, than when they own it. As a result we have oil spills, depletion of fish stocks, threatened extinction of some species (e.g., whales), shark attacks, polluted and dried-up rivers, misallocated water, unsafe boating, piracy, and other indices of economic disarray which, if they had occurred on the land, would have been more easily identified as the result of the tragedy of the commons and/or government ownership and mismanagement. The purpose of this book is to make the case for privatization of all bodies of water, without exception. In the tragic example of the Soviet Union, the 97 percent of the land owned by the state accounted for 75 percent of the crops. On the 3 percent of the land privately owned, 25 percent of the crops were grown. The obvious mandate requires that we privatize the land, and prosper. The present volume applies this lesson, in detail, to bodies of water.

Related Post

Young Leftist Candidates Are Breathing New Radical... Kate Aronoff(Photo Illustration: Elise Swain for The Intercept. Photos: AP (3); Getty Images)
You Don't Have To Show Them Shit Futher Column - By Abby Zimet, Staff Writer
Yoga isn’t timeless: it’s changing to ... International Yoga Day in London 2017 in Trafalgar Square Anna Sunderland Engels., CC BYOn June 21, on International Yoga Day, people will take out th...
Yes. Trump's FART Act Is Now a Thing. Reporte... Common Dreams staffBefore there was a limerick written in its honor or a viral sensation on Twitter, Axios on Sunday reported on an internal White Hou...
Yemen’s Navy Hits Saudi Warship Off Yemen’s Coast... HODEIDA, YEMEN — On Wednesday Yemen’s navy targeted a Saudi warship off Yemen’s western coast in retaliation for the Saudi-led coalition’s deadly mili...
Yemen: Understanding the conflict The military conflict now escalating in Yemen threatens the lives of more than 250,000 people in the port city Hodeidah while 8 million more people ac...

Leave a Reply