Socialism

More on the Las Vegas water crisis.

"Las Vegas gets its water from Lake Mead:

It is located 25 miles outside the city and supplies 90 per cent of its water. But over the last decade, as Las Vegas’s population has grown by 400,000 to two million, Lake Mead has slowly been drained of four trillion gallons of water and is now well under half full. Mr Barnett predicts it may be a “dead pool” that provides no water by about 2036.

A 25% population increase over ten years – a calamity; why, that’s about 2% per year compounded growth.  Overwhelming.  No wonder the lake is running dry – who could ever meet an increased demand for their product, at a catastrophic growth rate of 2%?
Perhaps someone can suggest a market price for water?"

I bet it happens, but not for a long time.