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Both the United States and the world economy have already reached - and surpassed - their sustainable physical limits. Ground water is being drawn down, soils eroded, forests cut faster than they grow, fish caught faster than they reproduce, non-renewable fossil fuels burnt without developing substitutes.
Rules help govern and steer a relationship along, so they're good things. But they become bad things when they become the narrow gate though which the relationship must always pass. When this happens, the rules become the basis for the relationship and, in a sense, become a substitute for the relationship.
Water is ultimately a finite resource. With all finite resources, there is a continuous need for sustainable and equitable management, by capping demand, improving efficiencies in supply and developing substitutes. This exercise is complicated by the sociocultural beliefs, values and affinities around this precious resource.