Table of Contents
Countries that allowed this ‘water chop-shop’ approach are now desperately trying to rebuild public control. Many can’t afford to repurchase the assets – the price has been driven sky-high by the very companies that gutted the system in the first place.
Suppose New Zealand allows foreign ownership to creep into our water system. In that case, this is the path we risk: our dams sold to one investor, our reservoirs to another, our pipes to a third – each with their own mark-ups – until water becomes one of the most expensive necessities in the country.