Framing water as a commodity permits free sale and transfer of water rights as private property. Both the United States and Australia treat water as a commodity to a certain extent, but Chile has created the most extreme instance[1]
Water is not only a commodity in itself but, as virtual water, a vital input required for the production, growing, or manufacture of other products.
Notes[]
- ↑ "Chilean Town Withers in Free Market for Water" article by Alexei Barrionuevo in The New York Times March 14, 2009
External links and further reading[]
- Robert Glennon, Unquenchable: America's Water Crisis and What To Do About It, Island Press (April 17, 2009), hearcover, 432 pages, ISBN-10: 1597264369 ISBN-13: 978-1597264365