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“Priceless” is an economic article written about the world’s water supply, pricing, and markets. The task of supplying enough water to support growing populations is one that the world as a whole is quite unsuccessfully coping with. Within this economic water problem lays some basic economic concepts. ... It is stated within the article that 97% of the Earth’s water is unfit for human consumption, and of that existing 3%, two thirds is locked up in glaciers, leaving only 1% for human consumption. These numbers are absolutely astronomical, and quite scary for a water dependent humanity.
“Priceless” brings to attention the many problems faced within this economic water delema. These sections include: “Measure for measure”, “Private passions”, “Savoir faire”, “Damming evidence”, “Irrigate and die”, “Liquid assets”, “The water man”, and “To market, to market.” Each of these sections individually details the water problem of misuse or overuse, the problems with those methods countries have taken to relieve the crisis, the price one must pay to have cleaner water, and the imperative role the private sector plays within this economic game. ... It also discusses humans misuse of water, and why it is ill-governed and under priced. ...
The second large section covers the role that privatization plays in this economic crisis, and the pricing to cover the cost of giving water to people. Many people feel that because water is a necessity for life, it should not be for sale. ... to place water treatment and distribution on the market because it will give water a stronger value, both monetary and as a human resource. ... A micro section within “Private passions” deals with the private water companies of Western Europe. Scotland had private water companies, which enabled the public to pay lower prices. However, with time, the quality of the water diminished. ... Because of the choice to have lower prices in the past, they are now paying higher prices for mediocre water. ...
“Irrigate and die” discusses the high prices one pays for the misallocation of water. It is said that irrigation is terrible for the water problem that occurs within our civilizations.
Approximate Word count = 1680
Approximate Pages = 6.7
(250 words per page double spaced)
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