I think privatization without competition is just a government sponsored monopoly. What government needs is more accountability and the ability to reward efficient management.
Enron was held up as a privatization superstar. Washington Public Power Supply Systems holds the record for defaulting on well over 2 billion in public bonds. And that's just the top two electric private utility ripoffs that come to mind. Give me your best argument for privatizing water without a CEO and BOD cronies making huge salaries and bonuses off of a public resource I feel would be better managed by public or non profit agencies.
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