The New Corporate Threat to Our Water Supplies

In the last few years, the world’s largest financial institutions and pension funds, from Goldman Sachs to Australia’s Macquarie Bank, have figured out that old, trustworthy utilities and infrastructure could become reliable cash cows — supporting the financial system’s speculative junk derivatives with the real concrete of highways, water utilities, airports, harbors, and transit systems.

Neglect of public infrastructure has private companies swooping in to buy public systems, like water, with grave consequences.