A long time ago, a government decided it was in the best interests of the country to sell off the water companies to private investors.
Over time, those companies were loaded up with debt to pay dividends to investors.
Lumbered with huge interest payments, and shareholders pushing for more returns, investment in the water systems were cut to the bone.
So now we’re seeing more and more failures as a result of cost cutting.
Electric, water, solid waste, internet, mail, and healthcare should all be pubic goods owned by the people and run for them. This seems to be a poster child for that.
Dear me, and the conservatives want more of this privatization?!
A long time ago, a government decided it was in the best interests of the country to sell off the water companies to private investors.
Over time, those companies were loaded up with debt to pay dividends to investors.
Lumbered with huge interest payments, and shareholders pushing for more returns, investment in the water systems were cut to the bone.
So now we’re seeing more and more failures as a result of cost cutting.
Electric, water, solid waste, internet, mail, and healthcare should all be pubic goods owned by the people and run for them. This seems to be a poster child for that.
Dear me, and the conservatives want more of this privatization?!