I’ve been reading about this tragic situation – and while some are pointing at this as a consequence of global warming drying up the lake, some digging reveals that the majority of the lake water disappeared because local up-stream industries have diverted the waters to benefit them. The drought had much less of an impact.

If anything, it shows the effects when there is no regulation to protect the environment. Once again, the self-regulating ‘free market’ hasn’t done much to regulate itself, and this is most obvious in third-world countries like South America, India or China.

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