Water Liberty: How Innovation Trumps Privatization

Rady Ananda
Activist Post

The World Bank joins Nestlé in wanting to privatize water, deeming it “extremist” to suggest that those born on this planet have a natural right to clean, potable water. Meanwhile, RT’s Abby Martin reportsthat the watchdog group Corporate Accountability Internationalrecently released a new analysis showing that:

Investing in private water does not extend access and is also counterproductive for economic development. By contrast, infrastructure investment, abandoned by the corporate sector, is where real benefit can be achieved: the World Health Organization estimates more than $10 of economic benefit from every $1 invested in water infrastructure systems.

Also commenting on the World Bank’s push for water privatization, Al Jazeera reports:

Its project database for private participation in infrastructure documents a 34 percent failure rate for all private water and sewerage contracts entered into between 2000 and 2010, compared with a failure rate of just 6 percent for energy, 3 percent for telecommunications and 7 percent for transportation, during the same period.

Whether public or private, water supplies are dwindling. In one shocking report from 2012, the US Defense Intelligence Agency’s Community Assessment of Global Water Security states that the global need for water will exceed the supply by 40% in the next 25 years.
READ MORE: http://www.activistpost.com/2014/05/water-liberty-how-innovation-trumps.html