The world will continue to exist, but upstate New York's water reserves will erode and an economically important portion of the country will evaporate. Sometimes, the inability to generate a profit from something does not mean that it is a bad idea. Grown ups get this.
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Remember when the Cuyahoga River lit on fire because companies had the freedom to dump whatever they wanted into it? Freedom!
Today's massive loss of grey-matter brought to you by, Liberals, because who else is gonna teach you to hate yourself, your country, and love those who are fully intent on killing you, and it's all for "equality"
The harm is in allowing it to collapse, so at this point the person doing the harm would be you, for taking away the system that protects it, There is no money to be made protecting it. It's impossible to monetize water resources that broad and diverse. A company would need to manage many millions of acres, without having any ability to pinpoint specific individuals seeing the benefit to charge them anything.
Was it caused by humans causing harm to it, or was it collapsing naturally? If humans caused it, then hold them responsible. If it collapses naturally, and it will harm humans, then there is a vested interest in fixing it. Anything can actually be privatized, people simply don't want it to be. It's "easier" to let someone else handle it.
How do you hold someone responsible for it? As I said, the water system is too broad and diverse to say "This lake serves X purpose, and therefore Y harmed Z". This may be a tough pill to swallow, but the real world is a bit more complicated than libertarian thought experiments.
For example, if I dump toxic chemicals into a river, but the effects don't become noticeable for fifteen years, and I'm long gone, then what? There is nobody to hold accountable. There is no way to even give standing in a court of law. Right now, coal plants result in the deaths of thousands of Americans every year, based on the higher rates of lung related illnesses in proximity to them. No individual can say their lung disease was caused by a specific coal plant. That's impossible to prove.
How is it offensive for citizens for America to fly the American flag?
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Why do you need to bring a US flag to a HS football game again? Oh that's right, you don't need to. Nothing lost over making these rednecks leave the flag at home.