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Goldman Sachs and Friends Looking to Privatize Water


Goldman Sachs and Friends Looking to Privatize Water

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We have already seen what happens when banking becomes globalized and seeks to off put risks onto the public taxpayer.  Globalization was, and still is, a financial disaster which we will be living through for some time to come.  The main effect of globalization of the financial system is great wealth inequality.

What do you think would happen if water sources and distribution systems were similarly privatized through globalization?  Goldman Sachs and other large companies are fully aware of the profit-making potential in controlling access to water supplies and are preparing for this next big profit-making scheme.

Goldman Sachs , GE and World Resources Institute (WRI) held a summit in February 2013 to discuss the US “deficit” in their water infrastructure.  These discussions included public-private partnerships, water rights, private activity bonds (which are tax-exempt), pricing, water efficiency, decentralized systems, fracking, etc.  The areas focused on were Southern Nevada, New York and Southern California.  The Aqueduct Water Risk Atlas was presented at the summit.  “Aqueduct will assist companies to think about water risks related to supply chain, manufacturing and investment.”  The shared-risk model looks a lot like the financial risk model and we know how that turned out!

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