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Too Costly: Water and Privatization
chapterposted on 2023-02-15, 00:19 authored by A Brisman, B McClanahan, N South, Reece WaltersReece Walters
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’.