Sunday, October 24, 2010

The Water Lords: Who Owns Your Water?

by Patric Juillet

One of the most important trends (and least understood) in the water industry in the last two decades has been the selling out contracting of private companies to operate existing facilities or build and operate new facilities. I don't have to remind you that the fate of the world rests principally on mitigating climate change and on its water policies as Daniel Zimmer (executive director of the World Water Council) explains:

Water is a political issue, but politicians need to understand why they should care more about water.

Yes, one would think so but unfortunately the commoditization of water is rife, aided and abated by the IMF and the World Bank, never mind that it is unethical and environmentally unsound. Like a case of déjà vu, we are rapidly losing control of our most vital resource to a handful of monopolistic corporations.

Corporations don’t care about the environment, and they certainly don’t care about human rights. They only care about profit.



continued at Daily Kos....