Too Costly: Water and Privatization

The phrase ‘water is the next oil’ is widely used to describe the exorbitant profits produced as a result of its growing commodification (Zabarenko 2009). As McGee (2014) observes, ‘Companies proclaim water the next oil in a rush to turn resources into profit—Mammoth companies are trying to collect water that all life needs and charge for it as they would for other natural resources’.