From IBON International
Rio de Janeiro, Brazil, Friday, June 16, 2012 — “Water is life! Not for profit!” was the resounding message of the water warriors gathered at the plenary discussion on Water as Commons in Countering Green Economy, Privatization and Commodification during the opening of the Cupula dos Povos in Rio de Janeiro, Brazil.
Around 100 participants attended the plenary discussion at the Blue Pavilion. The first session was devoted to analyzing the structural causes of the lack of access to water due to privatization.
Maria Teresa Lauron of IBON International traced the history of water privatization at the international level and shared Manila’s own experience with water privatization. According to Lauron, “the World Bank’s policy shift from the promotion of public water to privatization began n the 1970s to widen the access of investments for surplus capital from highly industrialized countries which were experiencing falling rates of profit at that time.”