Investment bankers and other Wall Street players want to take over public water services to wring quick profit from communities that are often already strapped for cash. By 2012, financial behemoths including JPMorgan Chase and the Carlyle Group managed investment funds that owned water and sewer systems across the United Sates. This is part of a larger trend: Private equity players, armed with more than $185 billion, are aggressively targeting infrastructure worldwide.
Democracy, Shared Prosperity, and the Common Good
In the Public Interest is a comprehensive research and policy center on privatization and responsible contracting.