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Sold Down the River : How Robber Barons and Wall Street Traders Cornered Australia's Water Market - Scott Hamilton

Sold Down the River

How Robber Barons and Wall Street Traders Cornered Australia's Water Market

By: Scott Hamilton, Stuart Kells

Paperback | 31 August 2021

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Two insiders expose the shocking and shameful betrayal of Australia's regional heartland so international bankers and traders could make a quick buck.

The Murray-Darling Basin is Australia's greatest environmental asset. The story of water in Australia is written into its ancient rivers, creeks and wetlands. It's home to more than forty Indigenous nations, and it covers an area bigger than France. It is the beating heart of our regions and sustains 40 per cent of our food production.

In 2012 Australia signed up to the Murray-Darling Basin Plan, a scheme designed to create a market for its water and to safeguard the environment.

But the Plan has gone horribly wrong. It has sold our farmers and rural communities down the river. It has contributed to appalling environmental damage on the planet's driest inhabited continent. It has allowed a ruthless market to form, exploited by traders who buy and sell water as if it was a currency like Bitcoin.

Scott Hamilton and Stuart Kells, both experts in public policy, have interviewed irrigators, farmers, Traditional Custodians and water traders to tell this disastrous story. Their compelling expose brings to light how we have failed to protect our most precious natural resource.

You can't understand Australia without understanding water. Sold Down the River is compulsory reading for all of us.

About the Author

Historian Stuart Kells has twice won the Ashurst Business Literature Prize, and has been shortlisted for the Prime Minister's Literary Award, the NSW Premier's General History Prize and the University of Queensland Non-Fiction Book Award. Kells' shorter pieces have appeared in The Paris Review, The Times, Lapham's Quarterly, Smithsonian, The Guardian, National Geographic Traveller and The Daily Beast. He is Adjunct Professor at La Trobe University's College of Arts, Social Sciences and Commerce, and a member of the Abbotsford Convent Foundation Board.
Industry Reviews
‘A vitally important book detailing how a policy meant to save Australia’s rivers became the means of their destruction.’
-Tim Flannery

‘A compelling exposé of how market forces are destroying the Murray–Darling Basin. The tragedy is we let it happen.’
-Michael Cathcart

‘A complex subject made enjoyably readable. Sold Down the River shows how water has become commodified in the tentacles of mercenary traders—and at a time when climate change is making water more important and more scarce.’
-Cheryl Kernot

‘It takes writers with excellent knowledge, uncommon flair and impressive skills, to get to the dark truth of Australia’s epic water failure. Read this book and weep—better still, read it and demand change.’
-Rosemary Sorensen

‘With its mixture of anger and urgency, this book is essential reading on an arcane subject Australians should know more about.’
-Books+Publishing

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