The debate over pnvatizing and water markets has moved back and forth for decades
between the “I” and the “We” perspectives. Rather than either/or,
a balanced “I&We” view of water
institutions is needed. West is meeting east in water law. Public interest needs
must be satisfied
in appropriate decision forums, but marketing may prove a social improvement when
used as a
supplement. Balancing an “I&We” institution involves establishing an
acceptable or tolerable level
of interference through judicious mixing of state, common and private property regimes.
effects are eliminated as mutual gain arises in a variety of decision forums.