Will Wall Street Control Our Water in the 21st Century?
The water barons are finally moving in to gain control over water rights in public water that is supposed to be held and managed by each state as sovereign for the benefit of its citizens. These water transactions, which seek to profit by speculating on an underlying assumption that water is a commodity or can be allocated for sale, signal a significant shift in investors’ attitudes about public water, and, fundamentally pose the question: Just who will own and control the public’s water in the 21st century?