Part, Two Water for Profit, John Luoma February 26, 2013 Should Water be Free? Today’s economy is mostly comprised of wealthy business investors and major corporations. Fresh water resources are being controlled or being angle drilled by private corporations from across the world. This article by John Luoma, Privatization refers to: To change (an industry or business) from Government or public ownership or control to a private enterprise dealing with private water companies and public utilities. There have been records shown that the costs are soaring and services for these companies have lapsed and millions of dollars of consumer funds are not allocated properly. By these global companies dominating smaller competitors, there are little choices left, and as a result, there were protests, riots and scandals. Two largest France based corporations, Suez and Vivendi private water companies manage water for 230 million people. Whereas, United States has about 85% of its consumers receiving water from public utilities companies have been urged to go with privatization. Water is truly an essential commodity. In places like Manila where the water is controlled by Suez, they are monitoring water usage to each family for about two hours a day and families have to decide whether to pay the water bill or provide food for the family. The water is also being tested for unclean and harmful bacteria that the treatment facilities failed to report when being inspected, but their contracts are still being renewed. The U.S. Environmental Protection Agency (EPA) has demanded the water companies spend nearly $151 billion to repair pipes, filters, storage tanks and other infrastructures over the next two decades. Companies like United Water and Professional Services Group were convicted bribery and racketeering, mail fraud, and falsifying tax returns regarding water contracts. There is a need for tighter supervision regarding these private water
Part, Two Water for Profit, John Luoma February 26, 2013 Should Water be Free? Today’s economy is mostly comprised of wealthy business investors and major corporations. Fresh water resources are being controlled or being angle drilled by private corporations from across the world. This article by John Luoma, Privatization refers to: To change (an industry or business) from Government or public ownership or control to a private enterprise dealing with private water companies and public utilities. There have been records shown that the costs are soaring and services for these companies have lapsed and millions of dollars of consumer funds are not allocated properly. By these global companies dominating smaller competitors, there are little choices left, and as a result, there were protests, riots and scandals. Two largest France based corporations, Suez and Vivendi private water companies manage water for 230 million people. Whereas, United States has about 85% of its consumers receiving water from public utilities companies have been urged to go with privatization. Water is truly an essential commodity. In places like Manila where the water is controlled by Suez, they are monitoring water usage to each family for about two hours a day and families have to decide whether to pay the water bill or provide food for the family. The water is also being tested for unclean and harmful bacteria that the treatment facilities failed to report when being inspected, but their contracts are still being renewed. The U.S. Environmental Protection Agency (EPA) has demanded the water companies spend nearly $151 billion to repair pipes, filters, storage tanks and other infrastructures over the next two decades. Companies like United Water and Professional Services Group were convicted bribery and racketeering, mail fraud, and falsifying tax returns regarding water contracts. There is a need for tighter supervision regarding these private water