Economist Podcasts For whom the well tolls: Why we must price water
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Aug 30, 2024 
In this engaging discussion, Robert Guest, deputy editor at The Economist, dives into Chile's water crisis, urging the need for effective pricing strategies amidst growing global water scarcity. Annie Crable, U.S. news editor, sheds light on the surge of illegal crossings at the U.S.-Canada border, revealing the challenges migrants face. Meanwhile, Anne Rowe pays tribute to the life of biological anthropologist Helen Fisher, exploring the science of love and the emotional complexities it encompasses.
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Chilean Farmer's Struggle
- Chilean farmer Alejandro can't grow enough crops due to water scarcity.
- Water thieves worsen the issue by stealing from irrigation canals at night.
Global Water Stress
- Chile is the most water-stressed South American country.
- Globally, half of humanity faces highly water-stressed conditions for at least one month yearly.
Chile's Water Rights Issue
- Chile's government granted free, perpetual water pumping rights to landowners, exceeding sustainable levels.
- This has led to conflicts and hinders efficient water management due to the lack of pricing.