Tuesday, 3 March 2015

Water Rights and Chinatown - Ludwig von Mises Institute Canada

Water Rights and Chinatown - Ludwig von Mises Institute Canada





chinatownDoes a warning mean anything if nobody listens?
With the precarious case of Lake Mead, doomsayers never seem to break the surface. For years, reports of the lake’s declining levels have popped up in the news. Yet residents of the surrounding area still refuse to listen. The latest report from the Interior Department is very troublesome: there is a 20% chance of water shortages for Nevada and Arizona in 2016 if the lake maintains current levels.
Lake Mead, if you are unaware, provides 90% of the water to Las Vegas. It is also a crucial water source for Los Angeles and major cities in Arizona. Thus, it’s easy to see why residents of Nevada and surrounding states have an interest in the viability of the lake to sustain itself. News of drought or weakening levels should be cause for alarm. Often times, attention is roused with reports that water may become scarce in the immediate future. But that scare usually dissipates when rain comes, essentially washing away the fear of future paucity.

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