I find the SSC "Too much dark money in almonds" post interesting because it starts from the premise that there obviously isn't too much dark money in almonds, an argument from incredulity, and uses this (and similar) to argue that there isn't too much dark money in politics, but
I don't really agree with this, and in IMO the section that follows indicates that Scott didn't really dig into what implementation details would look like. Yes, water is severely underpriced and this causes serious problems. However, his example is a "spherical cow" example.pic.twitter.com/5Eq7ufVdMJ
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Fifty years of people trying to use water markets to solve these problems has shown that this isn't the case. Just for example the cost of water for a small farmer is highly dependent on whether farmers around them fallow and retire their fields or continue to irrigate because
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water districts have extremely high fixed costs as we run them. There are market mechanisms that can address this, but they would be really non-trivial to implement, IMO saying that markets would just fix this indicate a lack of understanding of the real problems involved.
End of conversation
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