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?