7 Aug 2012

Making money off bad policies

I'd expect to see this kinda of rhetoric from a check cashing business in the 'hood, but no, it's from Wall Street:

The sad/ironic thing in this advertisement (published in The Economist) is how shallow it is. Why is water access "expensive"? Why would foreigners invest in "places you may never have considered"? Because governments everywhere support inefficient policies (build another treatment plant instead of raising prices) and practices (do not charge the full cost of water service) that screw customers they are supposed to "help."

(I put "help" in quotation marks because some politicians are misguided while others are corrupt.)