You probably read it, and it also crossed my Twitter feed: Cape Town is running out of water.
Just take a second and let that sink in: a major city such as Cape Town faces a water shortage. Unbelievable if you ask me. Call me naive but we live in 2018, in a world with tremendous possibilities for everyone. Smart cities are just around the corner. But what when a city can’t live up to the minimum standards of its citizens?
As from April 21st Cape Town will no longer have water. They call it Day Zero. It would be the first city of a large economy that would run out of water. The reason for this water crisis is the enormous drought and also the leakage in the dated water network. That’s a problem when you are one of the countries in the world were water usage is rising fast.
It made me think of a movie I saw on Netflix: The Big Short. One Google search away I found this article:
The movie, based on Michael Lewis’s book The Big Short: Inside the Doomsday Machine, tells the story of four investors who predicted the credit and housing bubble collapse in 2008 and decided to bet against Wall Street, earning billions of dollars in the process.
The first of these investors that predicted the housing bubble was Dr. Michael Burry, who is portrayed in The Big Short by Christian Bale.
While the movie does a great job explaining how Michael Burry was able to make nearly $1 billion betting against the housing market in 2008, it left many viewers very puzzled about a completely different issue – the last line of the movie, printed on a placard, is:
“Michael Burry is focusing all of his trading on one commodity: Water.”
I’m not an expert on investments but when you read about blockhain, bitcoins and other crypto currencies you also better take a look at water.
In Cape Town they possibly agree with that statement.