S4E6 - How Water Trading Unbelievably Killed One Million Fishes (and a River)
with ๐๏ธ Scott Hamilton, Researcher, Policy Advisor and author of "Sold Down the River" ๐ง in "Sold Down the River," Scott Hamilton and Stuart Kells explore how Robber Barons and Wall Street Traders Cornered Australiaโs Water Market. What we covered: ...
(don't) Waste Water! | Water Tech to Solve the World
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Show Notes
with ๐๏ธ Scott Hamilton, Researcher, Policy Advisor and author of "Sold Down the River"ย
๐ง in "Sold Down the River," Scott Hamilton and Stuart Kells explore how Robber Barons and Wall Street Traders Cornered Australiaโs Water Market.
What we covered:ย
๐ How the Murray-Darling River Basin spreads across 4 states, produces 40% of Australia's food, and creates $24 billion of yearly agricultural valueย
๐ค How it isn't really Water anymore, flowing in the Murray River, but liquid moneyย
๐งฎ How the liberal breeze of the 1980s induced the creation of the Australian Water Trading Marketย
๐ How the Millennium Drought pushed the Australian regulators to go harder, quicker, and further than any other country when it comes to Water Tradingย
๐ How this is supposed to help Water flow to its best useย
๐ How instead, it pushes Water to flow where the most money can be extracted from the systemย
๐ How hedge funds can push individual farmers and irrigators to their maximum willingness to pay, and how they do it all the timeย
๐ How the Murray River's 70'000 years-long memoir and how connected it is to Australia's historyย
๐ How the trading of Water completely changed the demography of the Murray-Darling Basinย
๐งฎ How financial players were invited into the market to provide liquidity - and how that failedย
๐ How the water market, unlike traditional commodity markets, is totally deregulatedย
๐ How farmers did not stand a chance against professional traders with bots, information, and deep pocketsย
๐ How the best soils now dry out and how the government had to step in to buy low-flow Water on the marketย
๐ Dying fishes, moving indigenous graves, influence of Climate Change, Environmental & cultural impacts... and much more!
๐ฅ ... and of course, we concluded with the ๐ง๐๐ฅ๐๐ ๐๐๐ง๐ ๐ฆ๐ช๐๐จ๐ฉ๐๐ค๐ฃ๐จ ๐ฅย
โก๏ธ Get the Full Story (including an infographic and full transcript) here:ย https://dww.show/how-water-trading-unbelievably-killed-one-million-fishes-and-a-river/
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