Drought Isn’t an Environmental Crisis. It’s a Financial Death Spiral.
We’ve been conditioned to view drought as an environmental crisis. But if you live in a water-stressed city, drought is fundamentally a financial crisis. As cities like Corpus Christi scramble to fund new water infrastructure, Wall Street is pricing in climate risk, triggering a vicious feedback loop of higher borrowing costs, soaring taxes, and slashed public services. The real danger isn’t running out of water—it’s running out of money first.