Water Privatization!

Something that should belong to the public is now being outsourced to private entities!

To what extend does ethicality still exist when public water supply is being handed over to the private investors ?

Refering to the article, some private investors were raising the prices of water so that they would benifit from this action despite the conditions of the consumers. Example given in Bolivia in 1990's displayed the negative outcome of leaving the water system in the hand of the private investors. Another examples in Cochabamba, 2000, also underscores the same problem. The outcome in Cochabamba was so outrageous that “the violence shook the confidence of the local government and international investors.”

However, having the private investors controlling parts of the water systems can also help maintaining our community at a high standard. Reason for this is due to governments' lack of funding for water infrastructure.
While government is cutting short on public water fundings, the existence of private entities provided convinience to the consumers (though the price for this is still too high).


For more detailed information see Privatizing Community Water Supplies Becomes More Common
at:
 http://business-ethics.com/2010/09/11/1306-privatizing-community-water-supplies-becomes-more-common/