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[-] Dasus@lemmy.world 4 points 9 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

this post was submitted on 15 Nov 2024
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