this post was submitted on 15 Nov 2024
519 points (99.4% liked)

196

16503 readers
2061 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 23 hours ago

In practice it lead to mega rich foreigners buying up all the water rights in Australia and preventing anyone from using them which created artificial scarcity and drove up prices. These mega rich foreigners then sold Australians their own water back to them at exorbitant prices.

Oh hey I've seen this movie