There is literally nothing that would make me happier than to have someone convince me that I'm wrong about this.
For example, it's great to have crop lands, healthy national parks and coastal cities, but if you don't address risks to this wealth, you stand to lose it. When you lose wealth, you also forfeit gains you might have otherwise had from them. So taking care of your downside also adds to your upside.
from http://www-formal.stanford.edu/jmc/progress/water.html
which agrees with you about political unrest, but not about famine. Before I read that, I assumed that desalination was only for drinking water, and far to expensive for agricultural use. That is probably about right for poor countries, but rich countries might get through the total failure of the rains without famine (and without WW3).
To be clear, I love getting my food from the Central Valley, but I also think there are overdue discussions to be had about where the water's going and how much utility we're getting from it.