tag:blogger.com,1999:blog-10698887.post306111005386118397..comments2023-10-22T18:25:39.688+08:00Comments on The View from Taiwan: Links for a rainy dayMichael Turtonhttp://www.blogger.com/profile/17974403961870976346noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10698887.post-80973957428750106032015-03-24T10:47:05.725+08:002015-03-24T10:47:05.725+08:00At a given level of shortage, water becomes more v...At a given level of shortage, water becomes more valuable than food. What is required is trade whereby people in the city, or the Water Corp on their behalf, purchase water from the farmers during the summer for later use during the winter in order to alleviate the drought.<br /><br />Some additional infrastructure might be necessary, but the main reforms needed to facilitate the trade are institutional and political. For consumers the downstream costs of keeping the residential water running during the dry months will be somewhat higher water bills and a higher retail price for domestically grown rice. <br /><br />It's only the obvious thing to do.Mike Faganhttps://www.blogger.com/profile/08745281285031316740noreply@blogger.com