Financialization of Water | Privatization Of Water | Goldman Sachs

[@turboredcart]

I am against the privatization of water. It was attempted in my town. We denied it.

[@abdulmalikmohammed2891]

so clean water is free in your country?

[@turboredcart]

@@abdulmalikmohammed2891 My city owns the water processing. This means the rates can be low. If a private company owns it- those investors have to be paid. Hence higher water bills. We pay for water, as it has to be managed, but we the people own the system, not wall street.

[@tiamarie1226]

​@@abdulmalikmohammed2891public water we pay for is very different thab private water ....private way less regulation, less price regulation, less taking care of pipes (although some public water dont take care of pipes as they should neither)

[@KrackPack]

@@abdulmalikmohammed2891 it should be free all over the world as god intended

[@theRealJohnWayneGacy]

It has to happen or we're all screwed.

[@HaveAGreatDay54]

I have been a licensed water and wastewater operator in 3 states in the USA. I can tell you from my perspective that you are better off letting the government handle the maintenance through taxation. I am forbidden by law, to explain some of the terrible things that I was forced to do to you as a private water and wastewater employee. As a state employee, I couldn't complain about anything but fluoride and management. Private water companies have private interests. Community water companies have community interests. Just so you are aware, no one does wastewater properly. You should really be paying more attention to wastewater effluent. Operators that sample are expected to pass, no matter 'what'. There is a lot of 'what' going on in wastewater.

[@maynardmaynard5955]

I'm not tho. If you would ever like to talk confidentially let me know

[@1JPBelley1]

i do the same job as you do, both drinking and wastewater ,we are far from having the scarcity problem where i am, but i know exactly what you mean about wastewater effluent . and why it's relevent where you are ..

[@jackstiles458]

are you referring to Gray Water when "wastewater" is employed?

[@HaveAGreatDay54]

@@jackstiles458 No. Gray water Has no fecal contamination and is considered safe to dilute in stream water in some cases. In my opinion it is not safe. It should be kept in check as well. I am referring to wastewater, as a whole, that is treated in wastewater plants then the treated water is placed back into a body of water for reuse. The effluent that comes out of these plants is NOT clean. Sampling is required to maintain a low level of bacteria. The operators that get paid by the plant owners are the legal samplers. Imagine it being a lot like internal affairs for police. Most people seem to have no idea that their wastewater is recycled in this way. That is by design.

[@J_Jayyyy]

no thanks, bootlicker

[@leighcounry9956]

I made this prediction over a decade ago. Many people made this prediction over a decade ago. This is no joke: Wall Street and financial traders will make breathable air a commodity that the average person will need to pay for. Listen to these idiots arguing for water privatization and notice their arguments can be easily applied to breathable air.

[@markatingi8645]

i told my Uncle this one time and he thought i was joking... just wait and see

[@AveragepoliticsEnjoyer]

Air Cleaners have arrived at the chat 😅😅

[@michylaavery6768]

What's scary with the markets is that they can justify the trading of anything and everything.

[@Reftsquabble]

@@michylaavery6768 you can thank the chicago school of economics for that. neoliberalism, freidman doctrine, efficient market hypothesis. obfuscatory economic theory to achieve one thing: upward distribution of wealth.

[@michylaavery6768]

@Reftsquabble it's a worldwide business model of greed.

[@jayjames7055]

"...Water is the same as diamonds..." Don't forget, diamonds only command a high price because supply is famously reduced by cartels. Otherwise they'd cost next to nothing. Their high value is entirely artificially created. Lol.

[@fromhigherground4272]

That’s a fallacious argument, diamonds are not a basic necessity and not required for survival.

[@jayjames7055]

@@fromhigherground4272 The point I was trying to make is that if water is commoditised, cartels will more than likely restrict supply to the market in order to artificially raise prices. They are hopping mad because they haven't yet figured out how to monetize gravity.

[@fromhigherground4272]

@@jayjames7055 I understand the point you’re making, my response was not against your comment but against the idiot who put diamonds and water in the same basket, and he thinks he’s smart.

[@ethanniedorowski116]

​@jayjames7055 i give you enron in California in late 90s early ots they made electricity a power play pardon the pun bit they would shut down plants cause rolling blackouts. Oversight is huge for anything anything needed for day to day life should be controlled a bit but not by 1 person slash thing an not by the ones with the bottom line

[@mjwilliams9630]

​@@fromhigherground4272💯💯

[@marfiuss]

"A good thing to put a value on a resource, because we are going to respect it more" History teaches us otherwise. Greed will just exploit.

[@n-tertainmentx-tended4760]

Water is not a commodity. It's a necessity for survival.

[@learning_with_irving4266]

As long as money is what we depend on, there will always be a need to grow profits, even at the stake of our existence

[@mapperid]

I could agree in the money parts, but what if we know how the money goes of the privatization. Let's said it become the RnD to clean water around the earth or construct desalination plants cheaper and less energy. I am okay with that, but I am not okay with the privatization that make somebody rich for their family. We already seen it some companies sold "mountain fresh" water. They become rich just selling water, that's the part I believe government should do the intervention to prevent adverse situation in the future

[@osmankose3200]

@@mapperid If owners and their families wont become rich then why should they invest in desalination and or water treatment plants like if they would work for people's favor then why the government isnt doing the job? ALL CORPORATIONS ARE FOUNDED TO DO PROFIT(There is nothing they would care except doing more profit, which they are founded to do) ONLY SOME OF THE ORGANISATIONS AND SOME OF THE FOUNDATIONS DOESNT CARE PROFIT!

[@jamescurrie2246]

Nobody survives this.

[@osmankose3200]

@@jamescurrie2246 i tried to say that Corporations wont care if its a survibility or not they will just do profit at all the way obeying to government regulations....If you or anyone thinks its about survibility then ask to you voted governments to not do privatisation on the first hand! Thats it dont blame corporations for what they are founded to do so, blame your governments and politicians for it!

[@hainleysimpson1507]

Not gonna do that, it doesn't get them a shitload of money fast. Desalination is more of a legacy project, or for "losers" that value human lives.​@@osmankose3200

[@Karan1377]

It is disturbing that an instance of privatisation of water has lead to its denial to people. It is inhuman to deny such an essential resource to any living being. This is enough to denounce this idea.

[@kevinarnett8590]

Nobody should own natural resources we should share it take care of the earth

[@superdeluxesmell]

Groan

[@farouqAliyu]

Once they are done with water, clean air will be next.

[@ieshabaldwin]

exactly. they won't stop.

[@jackstiles458]

don't forget Sunlight. Why "they" should just declare themselves God. Let's cut the crap. We gave them this power by the mere issuance of credit with zero capital to pay for any of it. The current global monetary system keeps countries in perpetual debt that eventually collapses their currencies meanwhile the elite buy up everything for "pennies on the dollar", stealing through inflation. If people are going to own the water and air, then they need to own and coin the own MONEY.

[@ShlomoStackman]

The former CEO of United Healthcare tried to FA, and he FO.

[@spinningweb749]

Wall Street and privatisation cannot solve water problems. Just look at Thames Water debacle.

[@johnny1897]

what happened in a nutshell ?

[@mamotalemankoe3775]

​@@johnny1897There is cholera (poop) in the water now.

[@Praisethesunson]

​@@johnny1897Public water was sold to private company. Private company ripped the copper wire out of the water system for big short term payouts to investors. Water gets poisoned from deliberate neglect.

[@James-s8b5f]

Keep an eye 👁 on Nestle, go from selling instant coffee ☕️ to selling water 💧.

[@jasonrobertson5582]

Might as well privatize the air we breath and the sunlight that casts on our faces while you're at it.

[@JohnDoeL337]

don't give them ideas

[@mamparabuster3353]

The UK are already doing this in various "clean air zones". You get charged to breathe air

[@vickijohnson9367]

These CEO’s need to be stopped.

[@sammyd7857]

The love of money is destroying everything

[@akhtarpathan1778]

It shows that states are failing, water is a common need, an individual, corporation or any firm cannot efficiently provide it

[@Iburn247]

Nobody owes you water 😂 go get your own Nobody stops you

[@jackstiles458]

@@Iburn247 It's too bad I'm not a Trillionaire like your Masters, where I can pay a fool like you to do it for me.

[@wolfgangkrauser9735]

The real problem is that you cant trust 99,9% of rich people.

[@jpowe2822]

Profit is king to a businessman

[@Cardboardcar918]

This is the most dystopian thing I have watched

[@rainfall576]

When you set a price tag and compartmentalize human life and all aspects of it for efficiency you will hit a snag; even if you were to rely on a quantum computer intelligence to sustain it. It's called chaos theory. Commercializing the most basic needs of water, food, shelter, & playing games with reproduction is a failure of leadership & integrity of community. Bubbles don't prevent stand alone conditions. The majority are riding a system not driving it as well. Individualistic momentary greed is an antithesis to the human condition.

[@TonkasRumi]

what a shame ...!!! from corporations trying to capitalized on water .... and make big money at the expence of the whole planet .... shame on you .... !!!!

[@NGMtibbi]

So water should be free for farmers without limit can waste on the ground? Or ppl don’t have to be mindful about how much they use example don’t let the water run while u brush your teeth. Of course water should be privatized just needs a limit set to stop ppl from waste. Let farmers waste water like they use to and watch how fast water dries up

[@AveragepoliticsEnjoyer]

​@@NGMtibbi Same worked with Health Care in the U.S

[@UncleDadYT]

I bet that pharmaceutical CEO shared the same views.

[@jimmyjonestodd2556]

We need more chemical engineers and material scientists to make membranes or harvesting the water from respiration of composting systems and transition to renewable materials and hydrogen/fuel cell energy. This would solve many issues

[@hurobiont1054]

I wonder when we'll have air markets

[@End_Illegal_Apartheid_israhell]

air is next

[@Gage42]

Then dirt

[@NGMtibbi]

Two of the dumbest comments on KZbin 🤣🤡’s

[@Gage42]

@@NGMtibbi you think it's funny?

[@Gage42]

@@NGMtibbi just wait for privatized fire

[@NGMtibbi]

@@Gage42no I think you are stup id 🤣

[@alejandrocastillo4622]

Water is very precious. They show a rancher raising cattle in the driest region of his country. He is now paying millions of dollars for water. Was it better when he could use as much as he wanted, in the driest region of his country, with no thought to scarcity? If water doesn't have a value, it is hard for people to value it

[@Pan_Jankowski]

Indeed. Farmers and ranchers tend to be the whiniest and most selfish industry, constantly feeling entitled to subsidies and public support whilst they pursue harmful and illogical agricultural practices.

[@hainleysimpson1507]

Utter bullshit. Money should never be applied to what is needed for life to exist. Basic intelligence tells you wasting water is stupid. Water shouldn't be something we pay for. It should be free for everyone.

[@lejitthewastelandprince8550]

In theory if we valued appropriately it would place responsibility & value on the resource. But you know like I do that the immense value will be exploited and capitalized by hedge funds & the like

[@tinotendakunaishe7952]

What an absolutely awful mess. This is depressing but im glad i saw it. We all need to protect against this.

[@WaveWatchTrading007]

It’s a sad and horrible necessity. The exponential population growth will drive exponential water demand and with it, we get chaos, unless it is dampened by price

[@EyeoIsis]

This is nothing new. If you live in a western country try not paying your water bill and see what happens. Water hasn't been "free" for a very long time.

[@JohnDoeL337]

yes; you had bills to pay; privatization means those prices will skyrocket and the maintenance of said pipes won't be on par with what the govt. provides via taxation.

[@sebastianbarry7033]

Water isn't gold, it isn't an oil future. You and I can chose to not use gas or own gold - not much we can do about forgoing water this month cuz we can't pay the bill..

[@nishantahvan]

Why can't all these nation use purified sea water. Then use as you like. Build more sea water refinery.

[@themiddle8979]

They would rather pillage and pollute it

[@lingth]

It's energy intensive.. desalination...

[@Rod-bp8ow]

Water treatment should always be reconciled and trial balanced by both sectors, Private and Public. First, consistency of water quality is derived, second purification process is inspected for safety and compliance certification and registration. Details of water conduction tests are maintained, in order to guarantee its Quality/quantity. Assets Equipment supplies are maintained and warranty standards are applied to guarantee growth as well as self sufficient capabilities in making the waters pristine for each and every individual. Expense costs and Taxes registrations are maintained for it to be able to finance, reconcile, sift entries in the books of companies that is important.*********This is NON Artificial Standards of Excellence in the said statement prior to quality control, supervision as well as maintenance,as OLIGOPOLY in businesses are maintained, attested by its consumers.********

[@jimmyjonestodd2556]

Because its very expensive to build and maintain desalination plant. Its not financially viable to provide this service and earn a profit until the demand is there. Also itd just pose ecological strain with the ocean.

[@JaywooMBA2014]

It is not finanially feasible because it is not very prevalent. Once all the major sources of drinking water are exhausted and global warming caused less rain and snow, then all nations will turn to desalination. The sooner we start, the more prepared we will be. It is an intensly energy consuming technology but if we invest in sun and wind energies the cost will go down and over time it will become feasible. ​@@jimmyjonestodd2556

[@twhelostl61]

Everyone has to face reality. Water is a basic need for our very existence. Those in developing countries, the hope of future prosperity. Their access to clean water has a long way to go. We've recently seen a flash of inflation. The strain on this supply could send prices on everything skyrocketing. I lived in the western US, Colorado, for 24 yrs. Water supply comes from the Rockies. A large amount of the SDS is sent to other western states. As with Colorado, drought in the west results in terrible forest fires. Living in the midwest for 39 yrs. I hadn't experienced fire there. When you see it up close it is scary.

[@SabzKhumalo]

The thing about putting a price on something is that it keeps going up. Now you put a price on essential goods like water is a slippery slope of extreme capitalism where everyone not poor will be driven to poverty.

[@oliverschultz4943]

Brilliant documentary about a real serious threat. These finance vultures must and will be stopped, they can't carry on with this insanity indefinately.

[@derek04151]

That would go nicely in my portfolio with my fresh air mine. 😂

[@bautistakeithcharles3302]

Wow this is some dark shit.

[@greatscott369]

It's not produced. It's not a product. Neither is it a luxury. It is a necessity. De salination isn't that hard.

[@alphaomega1351]

I just bought all of the sea 🌊! Now y'all have to pay me each time y'all swim 🏊‍♀️ in it. 😎

[@clairesabourin3959]

we must look at the banker's eyes, especially at the 39,58 minute, "it is not because it is life that it cannot be priced"... he is right, it has been the case for slaves, for human labor and now for cells and DNA. But his expression is revealing how as humans we should be afraid because the market of nature is well developed, notably relying on the false flag of the climate change... the measures taken will solve nothing but allow an overall capture of the the resources, not only water. but human beings.. it is going on now.

[@ThomasKotlin]

that guy that owns the water trading company is so proud of himself and he's not even doing anything lmao. I like how he refers to himself as a pioneer when he is just selling something that is required for life and you just pull from the ground lmao. Also swimming pools need to go.

[@capsfederation3154]

Shocker a disarmed population losing rights

[@AbeTaylor-bd9oe]

The largest user of fresh water is agricultural irrigation. This company uses technology to use less water with technology. UpTerra is the answer to saving water.

[@John-jk6kj]

"Putting a value on it makes us respect it more" what a load of bullshit, water is an infinite resource up to 80% of the world is water and around and around it goes. It's a part of the common heritage of mankind and nobody should be paying for their fair and reasonable use of water in the home for survival health and comfort. " you have turned the house (earth) of my father into a house of merchandise " and you will pay double Jahs wrath for that crime. "Just because water is life doesn't mean it can't be priced " omg only an extremely horrible person would see things that way. Probably a child abuser as well.

[@GeneShepherd-k1s]

Its a rort . I dug a small dam in the end to save my own water. The local shire council now sends my a yearly fee I have to pay for my own dam. So they're one big criminal cartel. I paid for the small dam construction. And they're charging me for the right to have it. That was the final straw, we sold up.

[@texasrefugee7888]

In the US water will be called an entitlement.

[@mazdamiata786]

new world water

[@tipi8340]

This is a sick wet dream of some rich people

[@GeneShepherd-k1s]

Water is not the same as diamonds . no diamonds fine. No water no life. They're nothing alike.

[@xovexuh236]

Ohh- MAD MAX movie was real all this time ????

[@emanuels4961]

The nerve of some people.

[@brandonhartman4795]

No diamonds aren’t free, but then again I don’t need them to survive either.

[@ericgordon7951]

WATCHIN THIS DOCU FROM THE LAND OF MANY WATERZ!!!

[@M3ganwillslay]

South Sudan ?

[@officialmarcjenkins]

You have to take control of your and your family's financial future. Learn how to invest, read financial charts and reports. Trusting things to just "be okay" with someone else in charge is irresponsible

[@lejitthewastelandprince8550]

The thought of water privatization is outright nightmare fuel

[@TheJagjr4450]

I have city water, but also have natural springs, a creek, pond, and 250ft deep well with 200ft of water drilled through granite outcroppings on my property.

[@justin12537]

This is going to start the era of the water wars

[@advyser]

Everybody can create water storage tanks in their houses as is very common in Africa (especially where I am from in Somalia) People have over the roof and underground storage tanks to store rain water

[@leochoi1386]

what is needed is the access to the capital markets by the farmers to be able to hedge their production costs

[@matthewm9261]

T. Boone Pickens, former oil man referred to ground water as blue oil

[@donkeywhistler]

Who's the CEO and what hotel is he staying at?

[@netizencapet]

Solution: distinguish between residential & commercial/agricultural use. Structure pricing to preserve water ecology but w/ firms footing the bill not residents. Cap operator ROI @ 1.5%/year.

[@Andrew-o7h6j]

Financialisation and water supply are two very separate variables

[@bef5582]

Oi! You got a loicence for that wotah?

[@uncle_pump]

There are some things that are not private. That is the substance that give us life. To control water is to control who will flourish and who shale wither...

[@jpowe2822]

12:30 min I don't know if it's winter time over there it's just cold or change of seasons but all the trees behind him are dead

[@commonsenseapproach101]

So if they privatize water, who is responsible for toxic water that kills us? Example forever chemicals. If they sell water to drink or put in our food systems and they knew it had these chemicals, someone has to be responsible and fined.

[@hustleharder24]

Starts off..." Today water was become the most conveted resource in the planet. " when was it not?

[@zmojofoot76]

I think they need the UHC treatment

[@innersense_iam]

These people create all kinds of disruptions on the earth. So people didn’t appreciate water until a dollar value was out on it?! I’m am so tired of these stupid stupid greedy people having control of things that affect peoples lives.

[@hardygriff]

Great documentary. Anyone with a brain will say water is a human right. However, I think one key point missed here is there has to be a way to incentivize farmers to move towards products that are less water intensive to conserve the resources already there... Raising cattle in one of the most arid places on Earth is arguably one of the biggest ways possible to waste water. Raising cattle for beef requires something insane like 15k-20k liters of water PER KILOGRAM. Pricing cattle farmers accordingly is an effective, albeit cruel way of reining that in. But there has to be some kind of mechanism in place to cut back on wasteful usage.

[@CalamityJay-ez2mq]

Ok but we're completely ignoring the fact that privatized farming is another huge issue here

[@robertlysiak7527]

Anyone betting on water to go up is betting against the prosperity of humanity

[@Eric-dz1we]

You lose corporations. Own it, no free water

[@tracelee7332]

If we changed the way we farm and how we consume it would be a huge step. 2025 - if it doesn't feed, clothe, shelter or water you then don't buy it. Let it rot.

[@chrish3e]

Just because it's life, doesn't mean it can't be priced. ''a-hole of the century''

[@StephenLee529]

Thanks for sharing this…how many will not watch this..?

[@Kameleon-sj5nf]

Once a person can sit and watch people die just so their bank account can go up is no longer a person at all. Monsters are real.

[@nasaihyana]

Bullshit im 50 and growing up in north Philly everybody's parents scolded us about not only long showers but running that hot water too long and god forbid you leave a faucet dripping there would be hell to pay.! We didn't play with our parents water bill or any other bill

[@markatingi8645]

its price changes daily depending on supply and demand well on the demand side i think every human being and virtually every animal and crop we eat needs water so demand is sorted now how we do work out SUPPLY? rainwater harvesting and switching away from grass thatched structures especially for folks in rural sub-Saharan Africa. it will reduce on nomadism greatly and help people settle.

[@vinniechan]

There are things that shouldn't be privatised and utilities should at least have public ownership (say a significant enough stake for the government at least to be able to send directors to the board and over see governance) It's common knowledge utilities pay good dividends it might as well go back to the coffers Or at least the government can dictate the dividend policy and mandate certain proportion of profits be reinvested back into the infrastructure before dividends

[@michylaavery6768]

I find it a bit sickly that the finance people somehow keep equating what they are doing with being good for humanity, after the obvious instant reply of PROFITS... Kind of like saying, we will save you but you need to pay us millions for it and if you are poor and can't keep up with the fluctuating market then you can go without. Yes, we have to value water as the most precious resource we have but how do we prevent exploitation and ensure access to all when it's completely monitised? This is very concerning.

[@alexandrabryden6143]

Isn't it great that we weren't so stupid. 🏴󠁧󠁢󠁳󠁣󠁴󠁿💚🌍💚. We have 97% in this British isles.

[@sammyd7857]

Why is it people think it is good to allow corporations to take over

[@mysustainabilityjourney9321]

People tend to appreciate things more if they pay for it. Water waste is a crime. We do not need to wash our cars every weekend or have a swimming pool. Water should also be allocated to need and certain water intense industries need to be limited and managed better to avoid waste. But I'm no expert.

[@guerillagardener2237]

I've noticed that the most fascistic countries tend to be colonies. Abundance being the thing of the past doesn't mean, you should make money off of shortages.

[@davejoe75]

When GS says privatization, they mean total control by them backed by govt law and force.

[@CultureofSpeech]

The author says that : *the market economy of capitalism 🔻 is the Olympics of Animal Husbandry* 🦈

[@TStrength]

you can not work with a business mind thinking you are going to stop those seeking of privatizing water. You have to come with another sort of mind in order to properly oppose the situation and it damn sure is not artificial intelligence.

[@LamarPassmore]

Let's use salt water for consumption

[@Mantikal]

I thought data was the most coveted resource on the planet

[@TStrength]

Disruptive behaviors will be retaliated by the Eco-entity most definitely. You care to be of cooperative behaviors or this experience is over for any who isn't of the cooperative consciousness.

[@PawsIIPause]

Dang. It used to be about ingenuity to live better or conveniently. Now it is not. And it is cognitively exhausting,on top of physically (for the laborer).

[@DustKingArchives]

You shouldn’t be charged for something you would die without. This is evil water is something we require or we die. You’re not going to charge me money for it.

[@zb2615]

Market pricing would only properly work if every single user who used the purchase, was also an equal member (in proportion to the units purchased ) of the market body that manages the transaction. That is the incentive to use water more efficiently, what is described in the video is a terribly flawed system, messing with water rights, why weren’t reservoirs and wells prepared, to claim a right to profit due to inadvertence! The best one can hope for is a decent yield on related investments.

[@Notsure-r8y]

Dang those KZbin dystopian friend group troll shorts made by some random weren't actually trolling

[@c-r3187]

Aren’t we composed of a certain percentage of water 💦 Arackus even had communal water.

[@hoganrozins-mn5vp]

Can we privatize air? Just wait

[@jdp2571]

Comparing rain to diamonds, which have to be mined and processed, is a really stupid take.

[@zac8603]

These people need to be stopped at all cost. A shame Australia gave away it’s guns rights.

[@superdeluxesmell]

The naivety of people in these comments genuinely blows my mind.