Wall Street Tightens Grip on Public Water as Local Residents Suffer

See on Scoop.itPensamientos Alternados

Investment bankers and other major financial players are increasingly swooping in on public water utilities and other municipal services in cash strapped towns to the detriment of local residents, according to a new report released today by advocacy group Food & Water Watch. Vulture capitalists are increasingly facilitating the privatization of public infrastructure, taking control of public utilities while skimping on services and causing steep price hikes — all the while making massive profits.

See on www.commondreams.org

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