“the move to commodify depleting global water supplies is wrong-ethically, environmentally, and socially. They think privatization of water resources allows allocation decisions to be made by corporations that desire to maximize profits and ignores the environmental and social consequences of water allocation policies. These companies, focused only on the bottom line, are unlikely to invest in new technology or water conservation. To Barlow and Clarke, privatization interferes with citizens’ ability to allocate and manage their own water, concentrates power in the hands of monopolist corporations, and makes it difficult for local governments to reclaim control over the water system.” (Luoma, 2005)
References
• Glennon, R. (2005). Water Scarcity, Marketing, and Privatization. Texas Law Review, 83(7), 1873+.
• Guislain, P. (1997). The Privatization Challenge: A Strategic, Legal, and Institutional Analysis of International Experience (World Bank Regional and Sectoral Studies). Washington, DC: World Bank.
• Hale, S. I. (2006). Water Privatization in the Philippines: The Need to Implement the Human Right to Water. Pacific Rim Law & Policy Journal, 15(3), 765+.
• Luoma, J. (2005, June). THE WATER THIEVES: Privatization of Global Water Services Benefits Only Business. CCPA Monitor, 12(2), 32+.
• Megginson, W. L. (Ed.). (2005). The Financial Economics of Privatization. New York: Oxford University Press. Retrieved from http://www.questia.comPrivatization: A Global Perspective. New York: Routledge.
• Sitaraman, S. (2008). Privatization, Efficiency, Gender, Development, and Inequality-Transnational Conflicts over Access to Water and Sanitation. Human Rights & Human Welfare, 8, 91.