1/ Yes, we need long-term infrastructure after decades of neglect.
But how it’s financed matters.
Because guaranteed revenues are a green light for vulture capital to swoop in, bleed customers dry, then bolt.
That’s not resilience. It’s extractivism in disguise.
But how it’s financed matters.
Because guaranteed revenues are a green light for vulture capital to swoop in, bleed customers dry, then bolt.
That’s not resilience. It’s extractivism in disguise.
Comments
In a sector crying out for accountability, transparency, and long-term thinking, Ofwat is about to hand water companies a get out of jail free card.
Essentially, our price regulator is giving away their power to regulate prices.
Effectively, they are baking short-term, loan-shark logic into desperately needed essential infrastructure.
Until we bring water in public ownership, government will continue to desperately snatch at these loan shark-like, short-term ‘solutions’.
Together, we can do it better.
https://actionnetwork.org/forms/we-can-do-it-better?source=bluesky&