The Problem
The current drought, exacerbated by global warming, has shown that current levels of water use are completely
unsustainable in Australia, the world’s driest inhabited continent. Excessive water use, especially by heavy industry and water-intensive agribusiness, is causing irreparable damage to our fragile ecosystems and creating chronic watershortages.
Conventional free-market economics aims to solve this problem by putting a price on water and allowing it to be tradedby those who can afford to purchase it.