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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall Street Mega-Banks Are Buying Up The World’s Water
A disturbing trend in the water sector is accelerating worldwide. The new water barons the Wall Street banks and elitist multibillionaires are buying up water all over the world at unprecedented pace.Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kongs Li Ka-shing, Philippines Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world.
The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to...
continued at source:http://www.popularresistance.org/wall-street-mega-banks-are-buying-up-the-worlds-water/
SamKnause
(13,088 posts)L0oniX
(31,493 posts)SamKnause
(13,088 posts)incomplete, or they changed their name like Blackwater.
I am glad they were not successful in Bolivia.
Leme
(1,092 posts)I was not aware of the specifics. But it did not surprise me that "big money" was trying to own as much of the water sector as possible. It is a limited resource. Thanks for reminding me.
edit: upon further reading I found this interesting:
Former President George H.W. Bushs Family Bought 300,000 Acres on South Americas and Worlds Largest Aquifer, Acuifero Guaraní
In my 2008 article, I overlooked the astonishingly large land purchases (298,840 acres, to be exact) by the Bush family in 2005 and 2006. In 2006, while on a trip to Paraguay for the United Nations childrens group UNICEF, Jenna Bush (daughter of former President George W. Bush and granddaughter of former President George H.W. Bush) reportedly bought 98,840 acres of land in Chaco, Paraguay, near the Triple Frontier (Bolivia, Brazil, and Paraguay). This land is said to be near the 200,000 acres purchased by her grandfather, George H.W. Bush, in 2005.
Shankapotomus
(4,840 posts)to be able to buy up huge tracts of foreign land like it was nothing when you're only 24. And to combine the land grab with a humanitarian visit. Pretty sick stuff.
lunasun
(21,646 posts)Uben
(7,719 posts)They are wrong. Humans have to have water. These bastard's greed will end up being their demise.
Shankapotomus
(4,840 posts)This time they are going to go too far. People are not going to take tolerate it.
JDPriestly
(57,936 posts)The Cochabamba protests of 2000, also known as the Cochabamba Water War or the Water War in Bolivia,[1] were a series of protests that took place in Cochabamba, Bolivia's third largest city, between December 1999 and April 2000 in response to the privatization of the city's municipal water supply company Semapa. The wave of demonstrations and police violence was described as a public uprising against water prices.[2]
The tensions erupted when a new firm, Aguas del Tunari a joint venture involving Bechtel was required to invest in construction of long-envisioned dam (a priority of Mayor Manfred Reyes Villa) - so they had dramatically raised water rates. Protests, largely organized through the Coordinadora in Defense of Water and Life, a community coalition, erupted in January, February, and April 2000, culminating in tens of thousands marching downtown and battling police. One civilian was killed. On April 10, 2000, the national government reached an agreement with the Coordinadora to reverse the privatization. A complaint filed by foreign investors was resolved by agreement in January 2006.
http://en.wikipedia.org/wiki/2000_Cochabamba_protests
Bechtel -- all about it during the Bush administration.
Bechtel gave $1.3 million in individual, PAC, and soft money contributions; 59 percent went to Republicans, 41 percent to Democrats.
http://www.sfweekly.com/2003-06-18/news/the-world-according-to-bechtel/2/
Corruption.
xchrom
(108,903 posts)beachbum bob
(10,437 posts)that conditions were place on loans from world bank that kinda forced countries to privatize their water systems at the time Enron got busted for their illegal financial reporting and business model. I know public entities are under severe financial pressure and many are selling their assets like the water system to generate a short term financial gain, just like states are selling their highway systems and such.........
- food
- water
- shelter
thats what people need and that is where big money is moving to with buying up farmland and foreclosed housing and water systems.....I owe my soul to the company store will be the new norm, for America soon enough
you owe it to the company store and you owe your existence to programs controlled by the government...and we know /suspect who owns the government.
Shankapotomus
(4,840 posts)A price tag on everything in nature except the resources they take for themselves and resell.
cali
(114,904 posts)beachbum bob
(10,437 posts)sulphurdunn
(6,891 posts)Crowman1979
(3,844 posts)ancianita
(35,945 posts)kelliekat44
(7,759 posts)Dustlawyer
(10,494 posts)so they would need to sell off their highways, water systems, government land... This has to stop soon!
Fight for Publicly funded elections and complete campaign finance reform! Let's get the money out of our politics and we will get our Representatives back!
ancianita
(35,945 posts)People and government need to fight these stealth, thieving vampire squids. By any means necessary.
kelliekat44
(7,759 posts)planning for how to protect citizens from these vulture capitalists. Nothing yet.
Scuba
(53,475 posts)Shankapotomus
(4,840 posts)L0oniX
(31,493 posts)It's just a matter of time before the mass revolt begins. BTW by the term "destroyed" I mean take away their operations.
Enthusiast
(50,983 posts)[URL=.html][IMG][/IMG][/URL]
L0oniX
(31,493 posts)socialist_n_TN
(11,481 posts)But of COURSE, all we need is a little "regulation". We don't need a total systemic change, just a few tweaks!
This it yet another symptom of end stage capitalism. Acquiring ALL of the resources that people need to live. THIS type of shit is the reason that revolution is inevitable. Maybe or maybe not soon, but inevitable. Unless somebody seriously thinks that this rotten system will check itself?
mopinko
(70,023 posts)they could actually be useful in that capacity, as the main problem with that is getting the clean water where it needs to be.
i suppose they prolly are.
The longest running scam in history. Ask any subjugated people at the hands of Western imperialism.
Leme
(1,092 posts)private millionaires own "hobby" farms and get a great benefit from farm subsidies.
----read some of your farmland link
http://www.motherjones.com/tom-philpott/2014/03/land-grabs-not-just-africa-anymore
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Almond growing caught my eye. I think I remember something about the government spending money to promote the almond market overseas... which generally raises the price I pay.