What you also illustrate is that economics as presently taught and practiced, is like physics based on the Four Elements or medicine based on the Four Humors. It’s disconnected from empirical reality, thus it’s essentially quackery. The cures for which are to require a thorough grounding in the sciences as a prerequisite to any degree in economics, and to start hiring physical scientists into economic policy roles in government.

But in the end, all this tinkering around the edges, with markets this and regulatory that, isn’t sufficient. The bottom line is the necessity for _steady-state economics_, and the sooner we start addressing that, the better.

Now wonder tempers are frayed in the Levant !

As real water rationing gets increasingly strict in those regions, the countries with the better supply of real water will be inundated first with refugees then by militaries/rebels/terrorists from the less advantageous countries. The international community will be limited by armed conflict in how much help they can give.

The future bodes very poorly for that area.