Blue Gold4

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Written by Maude Barlow and Tony Clarke

Instead of facilitating greater efficiencies and ensuring equitable distribution, the model of privatization is designed primarily to enhance corporate profits.  Another U.K. example illustrates this point:  the Suez subsidiary Northumbrian Water.  Between 1989 and 1995. Northumbrian's water rates increased by 110%. the CEO's salary increased by 150% and the company's profits increased by 800%.  The built-in fallacy of this model is that it is ultimately unsustainable.  It demands increasing consumption while contributing little to the conservation of resources.

Barlow & Clarke, Blue Gold, pp.125-6.

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