ABSTRACT: Addressing ethical issues concerning water requires first of all the recognition that water is different from any of the other resources managed by humans. It has been the source of all life on Earth and continues to support all life on Earth. In modern society we have separated human life from the life of other species-to our detriment. By giving priority to human life we end up by recognising the value of other species only as providers of water services to us. We mistakenly carry this to the point of increasingly misusing economics as the basis for decision-making.