What does it mean to you when heads of major hedge funds and private equity firm managers speculate on the profitability of water?

First, I’d like to be fair and address the current need for water management:

Reasons that water management should be exercised

We’ve witnessed oil spills like the Exxon Valdez and the BP oil spill. We’ve also seen millions of gallons of toxic coal ash leak into North Carolina’s Dan River and the toxic spill into West Virginia’s drinking water supply. We’ve also witnessed and continue to hear about the nuclear spill from the Fukushima Nuclear Reactor, which has made way to the west coast. Portions of Iowa and other states that rely on agricultural commerce have seen a pervasive infiltration of nitrates into their water supply from fertilizer. We’ve witnessed an increase in water deficits in drought-prone areas throughout the Midwest to California. Many remember Shane Snyder, an ecological toxicologist who elucidated the increase of feminized male marine life in Lake Mead (Nevada), the Potomac River (DC), Denver, and California. This phenomena was occurring due to “traces of codeine, Prozac, Valium, common antibiotics, insect repellents and a host of chemicals termed endocrine disruptors into the Lake Mead reservoir.”

We must remember the Uranium contamination of Red Water Pond Road of the Navajo Nation of the Native Americans. Their reservation is the site of the largest Uranium dump in America. The remaining groups of the Navajo tribe will be displaced from their reservation because the EPA has ruled it too toxic for inhabiting due to Uranium mining and dumping (their cattle and kids play in contaminated water).

Lastly, the Supreme Court recently said that ex-military and North Carolina plaintiffs couldn’t be rewarded from a lawsuit against an electronics company that is responsible for toxic contamination of drinking water at Camp Lejeune. The water was tainted with benzene, Trichloroethylene, and other chemicals that led to generations of individuals with rare forms of leukemia, liver, kidney and other cancers…….Yes, mater Management and oversight are needed!

The technology

Big corporations have procured the best scientists and engineers to devise water treatment systems that multinational corporations are investing in, encouraging nations to adopt, and develop international standards. According to the agenda of the Global Water Summit of 2014, they’ve designed bacteria that breaks down waste, ultrafiltration membranes, advanced desalination systems, nanofiltration technology, hydrolysis, reverse osmosis systems and a myriad of other “solutions”.

My issues

When have you ever seen the privatization of earth’s natural resources turn out good? Throughout the Global Water Summit agenda, a specific theme is: Repetitive, Ubiquitous, and Diffuse. The theme is maximization of profit and how to impose this technology on nations and local municipalities for profit. I wouldn’t have a problem if the approach was noble in effort, but money and profit always pervert noble motives.
I believe this will evolve into a system of “hoard and ration.” The major corporations have hundreds of billions of dollars to sway politicians to present logical arguments on water conservation, but it will ultimately lead to “hydro-austerity.” The fact that this summit wasn’t even in the news or the traditional newspaper outlets speaks volumes. The exclusivity of the summit allows the privileged, wealthy, and powerful conglomerates to posture themselves for windfall profits because water is mandatory for life.

Examples of my hypothesis

California has already initiated proposals and standards to be imposed on its citizens. An article in the Sacramento Bee highlighted future mandates. “All urban water districts in California must decrease water usage per person at least 20 percent by 2020. By 2017, all pre-1994 homes must be retrofitted with low-flow plumbing fixtures in showers and toilets. The city faces a 2025 deadline under state law to finish metering all customers.” Furthermore, they are shrinking lot sizes of properties that are on the market to regulate water consumption.

These are means to reduce water consumption, but this will also lead to increase in water bills and taxes. The forced adoption of new water efficient technology is a pat on the back to the designers of the technology that attended the conference. They will get rich by imposing new laws and standards centered on the science and technology they developed and marketed around the globe.

How can we apply this knowledge of the Global Water Summit as African Americans?

The EPA said that we will need to spend at least $380 Billion dollars to upgrade our water infrastructure. Maybe we can get finance expert and scholar Dr. Boyce Watkins to explain how to invest in Tax Free Municipal Bonds that are set aside for the upgrades nationwide. Also, now is the time to thoroughly survey your property and find out if you’re sitting on water, and look into purchasing water rights too.

For comedy sake

We may have more water available if they didn’t waste so much hosing us down during civil rights protests. I also know that these company executives are studying how to charge us for water as they smoke cigars in their jacuzzi. Maybe all this depletion of water will eventually result in the recovery of Malaysian Flight 370 (yeah right!). I project that the division between the rich and poor will produce a real “Watergate” — rich on one side, and poor on the other. We need Moses to come and tap some of these rocks to spew forth some fresh water. Man I miss water balloon fights and Super Soakers.

Sources: 1, 2, 3, 4, 5, 6, 7, 8, 9