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creative destruction in a nutshell by noteworthy at 10:00 am EDT, Mar 28, 2015 |
The Economist: Agriculture accounts for 80% of water consumption in California, for example, but only 2% of economic activity.
James Hamblin: Each almond requires 1.1 gallons of water to produce.
Alex Tabarrok: In short, we are spending thousands of dollars worth of water to grow hundreds of dollars worth of almonds and that is truly nuts.
Eduardo Porter: Despite California's distress, about half of the homes in the capital, Sacramento, still don't have water meters, paying a flat fee no matter how much water they consume.
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