What Are Some of the Downsides of Letting Markets Allocate

question 37

Short Answer

What are some of the downsides of letting markets allocate water? And some benefits?

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Definitions:

Psychokinesis

The purported ability to move or manipulate objects with the mind.

Mental Concentration

The ability to direct one's thinking in whatever direction one would intend, focusing mental efforts on a specific object, task, or subject.

Tenant Farmer

An agricultural worker who rents land to farm on, rather than owning it, often under conditions that can lead to long-term economic dependency.

Paternalism

A policy or practice of limiting the freedom or responsibilities of subordinates in their supposed interest, often justified by a belief in their incapacity to make decisions.