The Problem Of Water Privatization

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Approximately seventy-one percent of the Earth’s surface is covered in water, which about ninety-seven percent can be found in the ocean. This leaves Earth and its inhabitants with only about three percent fresh water, and not all of those three percent can be found potable. With the three percent fresh water available, it is possible to sustain the current world population, however due to uneven distribution, increasing population, falling groundwater supplies, and diversion of surface water supplies are causing water shortages everywhere. Water Privatization refers to the control of maintenance of water systems and resources by private entities, and due to water privatization, the right to safe and clean potable water, which has been declared by the UN in 2010, has been jeopardized. Water is a necessity that all humans require, and therefore should not be privatized, due to failure in maintaining this privatization, and also many problems which accomadate the event of the privatization. According to Vision Launch, cities have already tried privatization in the past, and the results weren’t too satisfactory. Considering that private financing costs more than public financing, many people are often under the false perception that it is the other way around, which gives them the impression for a short term that privatization will be more beneficial in the long term. Taxpayers in the end are the ones who are left paying for these projects through their monthly bills. Gaining
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