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Stocks B / Berkshire Hathaway


Subject:  Re: OT: Global Water shortage. Date:  4/22/2013  6:25 AM
Author:  JeanDavid Number:  201109 of 236732

Some years ago, some governments in (IIRC) central or south America sold public water supply companies to private owners. To make money by selling a public good to private investors. The then private investors then greatly raised the price of water. The people who needed the water for drinking and sanitation pretty much revolted, and death squads were needed to subdue the people. It got pretty ugly. I do not remember what happened next. Perhaps the private investors gave it up as a bad investment.

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