In response to:

Shipping Water to China Amidst Drought

Matt in N.C. Wrote: Oct 22, 2012 6:18 AM
The joke's on the Chinese. Our water subsidies are paid for with money we borrowed from them. When our economy collapses, they'll be stuck with worthless debt and beef they can't sell in a global depression.

A recent op-ed in the Wall Street Journal describes what happens in an industry that suffers from a plethora of subsidies and a dearth of free markets. Water experts Peter Culp and Robert Glennon write:

In 2012, the drought-stricken Western United States will ship more than 50 billion gallons of water to China. This water will leave the country embedded in alfalfa–most of it grown in California–and is destined to feed Chinese cows. The strange situation illustrates what is wrong about how we think, or rather don’t think, about water policy in the U.S.

You can read about the historical background to...

Related Tags: China Water Drought