Property News · February 11, 2016

Flint crisis reminds us: profit motive has no place when it comes to necessities


A New Jersey law makes it easier for cities to sell off municipal assets, setting a dangerous standard at a time when citizens face threats to water suppliesLast year was a disappointing year for many investors but over at American Water Works, shareholders were celebrating. They scored a 13.5% profit last year, and have continued to swim against the market tide so far in 2016.Great news if you happen to be a shareholder in the company. Not so much, perhaps, if you happen to believe that the business of providing water to our houses shouldn’t be about maximizing profits. Continue reading…

Source : theguardian.com
Read more…Flint crisis reminds us: profit motive has no place when it comes to necessities

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