While European people reverse water privatisation FG/Lab continue to do the market’s bidding

While European people reverse water privatisation FG/Lab continue to do the market’s bidding

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(Note: please read the 2 linked articles in this report for more detailed information)

Let’s take a look at other countries who privatised their water decades ago and see what is happening there now. This Reuters article outlines the exact state of affairs across Europe regarding the privatised and public owned water, and how it is in flux.

It also highlights the fightback by European states’ populations against the privatisation trend imposed on them by their “leadership”, and indicates a rise in the call for direct democracy so that people can stop government and business in their tracks when it goes against the public interest.

Take France for instance, in the last 4 years they have realised that they can do the job much more economically and safely as a municipal public water service, and have ended private contracts with companies like Veolia. Similar things have happened in Germany.

In a 2013 French study:

“It found that for French cities of more than 100,000 people, those with the cheapest water rates were nearly all run by public bodies, while those with the most expensive were mainly run by Veolia or Suez.”

So why is the Irish government insisting on going down a route that other countries have tried, tested and found wanting, and finally changed back to municipal control and public ownership.

Now we raise this French issue because Veolia (a French based international company) set up a water services company in the Kilkenny this year and have this week been discovered working for Irish Water in Tipperary. It would appear that a certain amount of foreknowledge may be at hand.

It now brings into question whether this whole privatisation of water was agreed years ago between EU leaders for the purpose of handing it on a plate to Veolia, but only after billions of euros in public funds are used to first set it up. After all, they are looking to find other sources of income after they lost many contracts in other European countries based on cost and safety issues. Is this all part of the secret trade deal for bailouts with other EU nations’ banks?

We suspect this has been on the agenda of the financial world for a long time, and the following report highlights their thinking on water as a “commodity” whereby it will, in the future, be traded on the markets.

Richard Sandor, CEO of Environmental Financial Products, who was behind the creation of interest-rate futures while working as an economist at the CME, and he also was behind the Chicago Climate Exchange, a North American trading system for greenhouse gases, now owned by ICE, commented:

“…obstacles will be overcome, and he fully expects to see trading of water via financial instruments in the next five to 10 years…”

What he is saying is that water will become just another trading bubble for stock market gamblers to punt on. They will be bundled up into the inflated derivatives market that already has the world on the point of catastrophic bankruptcy, and traders will be able to bet on futures, winning whether the price rises or falls.

Whenever someone wins one of these bets someone else loses, that loser is the people who need water and are forced to pay for water; after all, in reality the stock market is basically a giant rigged casino that facilitates the transfer of money upwards from the many to the few who manipulate the market.

It is interesting to note that they justify the commodifying of water as environmental in the same fraudulent way they did demonising carbon; and of course those cheerleading water in this linked article are also the same people who made a fortune trading carbon credits from one country to another, which simply allowed polluting industries to buy the right to pollute in a different jurisdiction… for a commission.

Water cannot be allowed to become a stock market commodity for the super wealthy to make immoral profits from. To earn a profit you must add labour or value to a product, not simply bet on it’s price, or own it and make it scarce. History has shown markets are open to manipulation and the creation of false scarcity for profiteering.

The real losers are people; but in the case of water will not be like with oil, where perhaps people are forced to switch from the car to the bus or wear more clothes in lieu of lower heating, no, with water people will die. Water is the basis of human life and we need to stop commodifying life. We are not assets, liabilities or components of business. We are above business and it exists ONLY to serve us.

If you were in any doubt that the government’s orders were coming from the financial sector he went on to say:

“…for instance, water is free in Ireland. They consider it a right. That’s part of what you have to overcome. Twenty-five years is a long time for some of these notions to change,”

DDI demand the end to this government policy of forcing the people against their will to accept privatisation of their assets. End this disastrous experiment now before you waste another half a billion euros of our money.

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Tags: Irish Water

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