1304: The future price of water / Ray Levy Uyeda

This Is Hell!

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4.9 • 937 Ratings

🗓️ 4 March 2021

⏱️ 71 minutes

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Summary

Writer Ray Levy Uyeda on her article "A Bleak Future for Water" for The Baffler, and in a Moment of Truth, Jeff Dorchen hears the quiet part loud. https://thebaffler.com/latest/a-bleak-future-for-water-levy-uyeda

Transcript

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0:00.0	I'm just driving nails in my car then,
0:04.2	Lord he driving those nails over you.
0:07.8	Big a jack!
0:10.8	You're a welcome to bele.
0:15.0	You're a welcome to bele.
0:17.0	You're welcome to bele.
0:20.0	You're welcome the oasis.
0:30.0	This is hell. This is hell.
0:33.0	Hell.
0:34.0	Another end of the world is possible.
0:37.0	Another end of the world is possible.
0:40.0	This is hell. In fact, they've actually come up with another end of the world and it's called
0:46.9	California's Water Futures Index. Did you know that you can get rich off droughts and wildfires?
0:54.2	You know, the kinds of things like climate change causes?
0:57.2	Yet those horrible disasters can actually make you rich, and why go broke just because of global warming
1:05.5	when you can cash in. Look it's a win-win situation for everybody. We know
1:12.0	there's going to be issues with water scarcity due to climate change.
1:15.6	We've seen prices skyrocket during crises.
1:18.5	Why not insulate ourselves against those high prices by buying water at lower rates now through water futures. That way, say you're a
1:25.4	farmer when water prices go up, go through the roof. You will not only be able to afford
1:31.6	that very high priced water, but you would have made a killing while your neighbor's farm and family struggle.
1:38.0	See? The market came up with a solution for climate change. Finally, it wasn't capitalism that caused global
	...

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