hmm, it seems the reaction rate of this reaction is quite slow. Since the rate determining step is the nucleophilic attack is at the C=O, the slow rate means the transition state has a rather high barrier
Experimental observation also show that if you dump acetic acid into water, it will tend to dissociate to acetate rather than it abstract an H form water to make OH- (unlike the case when you use alcohol, which then you get the Fischer esterfication going as the protonation is acompanyed by the nucleophilic attack of the alcohol O). I suspect then the gibbs free energy of the following re…