Adios, Public Trust relationship with California water
Posted by Badlands Journa... on Wednesday, 9 December 2020Just what the San Joaquin Valley needed: a derivative market in water.
Now, magic thinking has completely taken over, but it remains to be seen how much water can be created out of dust by the Invisible Middle Finger of the Free Market.
Can derivatives on farm labor be far behind?--wmh
12-6/7-20
Bloomberg.com
California Water Futures Begin Trading Amid Fear of Scarcity
Futures on California water index launched by CME Group