32 sats \ 3 replies \ @Coinsreporter OP 25 Jun \ parent \ on: Water shortage to affect India's sovereign credit strength: Moody's econ
You're presenting an ideal picture of market. I'm just worried about those situations when and where corporates manipulate prices for demand and supply reasons. Water is so much essential for life that it may someday well be sold drop by drop.
I'm not saying that only government should manage water supply. There can be other players as well. But it should be ensured that at least safe drinking water is available for everyone.
I think that's an idealization of what government management would provide. We've had several scandals in the US in recent years where government water utilities were poisoning people.
Outcomes follow incentives and government utilities are not incentivized to provide quality products.
What you're concerned about is an abuse of "market power". Setting aside the debate about how significant that ever is, it isn't plausible for a commodity like water. Food producers have very little power over market prices, because food comes from lots of places and is produced by many people. Producers have to take the best price they can find. Water is a very similar product.
Notice that I'm not making an appeal based on anyone having noble intentions. Plain old rational self-interest is enough for this situation. I don't think you can make the same claim with respect to government management.
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I don't think you can make the same claim with respect to government management.
I agree.
I'm actually concerned about crooks wherever they are.
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As am I. Again, outcomes follow incentives.
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