Tuesday, December 07, 2004

Blue Gold

It's instructive that an excellent treatment of water issues entitled Blue Gold appears on an investment website. The succinct overview of the huge challenges we face in the area of water resources is worth reading. But, as you read down, you'll get the investment advice. Most telling is a table listing the consolidation in the water industry. Privatization of water resources is fast becoming a big issue. And, consolidation of the major players is concentrating power into fewer and fewer hands. While privatization in itself can turn out to be good or bad, privatization without regulation and strict assurances that all people will have adequate water will likely lead to social and economic chaos. This article raises the issue implicitly, but doesn't really address it.

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