…Privatization is irresponsible. By privatizing water and sewer systems, local government officials abdicate control over a vital public resource.
Privatization limits public accountability. Multinational water corporations are primarily accountable to their stockholders, not to the people they serve.
The objectives of a profit-extracting water company can conflict with the public interest. A water corporation has different goals than a city does. It makes its decisions using a different set of criteria, often one that emphasizes profitability. This can create conflict.
Investor–owned utilities typically charge 59% more for water service than local government utilities. Food & Water Watch compiled the water rates of the 500 largest community water systems in the country. We found that private, for-profit companies charged households an average of $501 a year for 60,000 gallons of water. That’s $185 more than what local governments charged for the same amount of water. Read the report: The State of Public Water in the United States. …






You must be logged in to post a comment.