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Saturday, June 11, 2005

Who Would Have Imagined!

China has long subsidized water use -- not charging for water at all until 1985, and currently charging 40% below cost. No doubt, this policy has been applauded as an example of "social justice" by many on the left. Now, The Economist reports that "the very 'survival of the Chinese nation'" is threatened by a critical shortage of fresh water.

Gee, can you imagine that? You price a resource way below market, and people use it recklessly! Maybe someone should invent a science that describes that kind of phenomena... Bob?

3 comments:

  1. Our water is un-metered so of course my response to being exorted to save water is to leave the lawn sprinkler on all night, in anticipation of a possible future hosepipe ban.

    ReplyDelete
  2. Oops. I am always been exhorted to spell exorted properly.

    ReplyDelete
  3. Anonymous3:22 AM

    The article is so wonderful that I want to write something about myself.
    According to the agreement of the game, I should get the Scions Of Fate gold to go into the world of the game and SOF gold is sold by some companies. The Scions Of Fate money is not free and it will take some money to own the cheap SOF gold. To my lucky, my friends buy sof gold for me.

    ReplyDelete