Water – The Ultimate Fixed Asset

The first in a series of three blog posts on water.

Ninety-seven percent of the world’s water supply is salty sea and ocean water. Of the remaining 3 percent that is fresh water, most is frozen (estimates range from 68 to 83 percent). That means over 7 billion people, and myriad plants and animals, share the relative small amount of fresh water that sloshes around. The planet’s water supply – established some 4.4 billion years ago – is absolutely stable. No new water created, none disappearing – the fresh water that exists today supported the lives of multicellular organisms, plants, and dinosaurs long before the arrival of Homo sapiens.

waves-wallpaper-nature-sea-ocean-water-freshness-hd-ocean-water-hd-desktop-wallpaper-Although there would be no life but for water, we absolutely take water for granted. We do the same with the oxygen content of the air we breathe, readily available wherever we might amble upon the green, brown, and blue planet. Water is different, both abundant and scarce, depending upon circumstances and location. We modern-world, well-to-do types simply turn on a faucet and sweet, potable water discharges. I was born in 1961 in Minnesota and I’ve yet to live a single day in the United States when potable water was not available to me on demand.

In the late 1980s, I lived in the South American country of Peru, serving as an intern pastor in a small pueblito called San Antonio de Pomalca. Located in the Sechura desert, the residents of the village retrieved water daily from a well. The folks of San Antonio de Pomalca knew two things about their water supply: it wasn’t unlimited and it needed to be shared.

This type of simple wisdom flies in the face of what has been a driving force in the United States ever since the early 1980s: unlimitedness. Whether water, energy, creativity, resources, or the all-you-can-eat restaurant buffet (an Americanism, different than the Swedish smorgasbord, meaning sandwich table, where variety is valued over endless supply) – we’re encouraged to go for it – don’t hold back. And why not? The spirit of “just a little bit more” is the driving force behind numerous American achievements and accomplishments, beneficial to you, me, and many others throughout the world. But when the spirit of just a little bit more goes too far, blatant inequalities and unjust inequities are often the result.

A good number of Americans born previous to 1961 grew up in domiciles without indoor plumbing or central air conditioning/heating. Maybe you’re one of these folks. You probably don’t take clean, running water for granted. You’re thankful for it because you remember a time when you didn’t have it.

Author Charles Fishman tells us that the twentieth century was the golden age of water. In his book The Big Thirst (Free Press, 2011), he attributes the significant increase in life expectancy in the United States – forty-eight years in 1900 to seventy-five years in 2000 – in large part to enhanced availability of clean water. He says that water became “unlimited, free, and safe” – meaning we didn’t have to worry about water. We could take it for granted. And we do.

The golden age of water, however, is coming to an end. Climate change and related drought, population increase, and heightened competition for water usage are combining to wake us up to the reality of water as a fixed, and not unlimited, asset.

The challenge: can today’s generation of Americans adjust to limitedness? Limitedness calls for conservation, efficiency in usage, and sharing. The values supporting these practices go against the grain of the way many of us are accustomed to living.

I’ll have two or three more blog posts to follow on this very topic. There’s a lot to talk about: desalinization, bottled vs. tap water, market forces on the price of water, gray water in your toilet (yup), among others topics.

By definition a fixed asset is tangible property central to the operation of a business, not traded or converted into cash. Water is central to the business of life – we do best to appreciate it, cherish it, and share it.

 

This blog and website are representative of the views expressed in my book Just a Little Bit More: The Culture of Excess and the Fate of the Common Good. JaLBM is available on Amazon as a paperback and an ebook. It’s also available on Nook and iBooks/iTunes, and at the website of Blue Ocotillo Publishing.

For book clubs, community of faith study groups, and individuals, the Summary Version and Study Guide of JaLBM is now available at the Blue Ocotillo website and on Amazon. It’s a “Reader’s Digest” version (fifty-two pages) of the full-length original with discussion questions at the end of each chapter. Join the conversation about social and economic inequality – without having to be politically hyperpartisan – and let’s figure out how capitalism can do better!

 

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2 Comments

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2 responses to “Water – The Ultimate Fixed Asset

  1. Judd Smith

    T. Carlos,

    Excellent beginning. I will look forward to the next two installments on the issue of WATER. Water is the next oil boom. Its value and its scarcity will be the focus of most peoples attention and will control markets and capital investment for the next century or more. Keep it up. Jud/Justin

  2. Tim,
    I was one of those raised without “running water” in our farm house.We Rain water from the roof flowed through
    a network of gutters and downspouts
    and was retrieved by a hand pump mounted at the kitchen sink. We didn’t waste a drop!

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