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Top 10 Reasons Why Water Privatization Fails

Top 10 Reasons Why Water Privatization Fails

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With two-thirds of the world’s population expected to run short of fresh drinking water by 2025, water has come to be known as “the oil of the 21st century.” Multinational corporations are parlaying the misery of our water-starved regions into profits for their stockholders and executives. And, when cash-strapped communities are unable to make necessary water upgrades, private companies persuade them to sell off their public water systems. But time and time again, these privatization schemes have failed. Here are 10 reasons why.
With two-thirds of the world’s population expected to run short of fresh drinking water by 2025, water has come to be known as “the oil of the 21st century.” Multinational corporations are parlaying the misery of our water-starved regions into profits for their stockholders and executives. And, when cash-strapped communities are unable to make necessary water upgrades, private companies persuade them to sell off their public water systems. But time and time again, these privatization schemes have failed. Here are 10 reasons why.

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Categories:Types, Research, Science
Published by: Food and Water Watch on Mar 05, 2010
Copyright:Attribution Non-commercial

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03/14/2013

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