Nestle CEO: Water Shouldn’t Be A Right, Organic Food Will Kill You, And Nature Sucks

[kılıç_mehmet]

Utter cobblers. We in the UK had major chunks of our service and utility institutions sold off to private corporations in the eighties and nineties. Almost immediately the cost to the public purse went into orbit; firstly from all the sweeteners to make them more attractive to prospective buyers and shareholders, since many of them were deliberately being run into the ground to justify selling them off in the first place, then from all the subsidies to give them unfair marketplace advantage - not to mention all the tax breaks and 'creative accounting'.

I'm speaking of the reasoning behind it. The reasoning behind privatization is to lessen the pressure on both the gov and the taxpayer by providing the said service under a private organisation, with the hopes that they will run it more efficient, which means that the taxes used to run that institution will go elsewhere resulting in lesser taxes.
However how well this works in reality, is another issue. I myself am not a proponent of privatization of things that are crucial to society.

There is no public benefit and just as with the other fine examples of privatisation society can only suffer increasingly in the short and long term.

If this water privatisation does go ahead, expect massive water bills and shortages due to dry reservoirs by this time next year.

That's what I said. Since there is nothing to be gained from this, no sane government would trust a nation's water resources under private contractors.