At the end of 2020 the water “futures” of California, the largest state in the United States in population and economy, were floated on Wall Street for the first time, under the banner of Nasdaq Veles California Water Index.1 It was the first flotation of its kind, offering potential investors the opportunity to hedge against the future availability of water in California: in simple terms, to get rich from the scarcity of the most important substance for all human, animal and plant life to survive.
Tag: Public ownership of utilities
Covid-19 and the global economy – Ewan MacDonaldDownload Is coronavirus the problem? Over the course of the next few years we will hear the same excuse over and over again. The social and economic crises we are experiencing the first moments of will be levelled at the feet of the […]
Class solidarity, not social partnership – Jimmy DoranDownload The trade union movement must not compromise on “social partnership” after this pandemic is over. It is not our class that must compromise but the ruling class, as the failure of capitalism has been exposed beyond all doubt as a result of […]
The recently launched campaign by three of our largest trade unions—SIPTU, Fórsa, and Connect—is to be welcomed. Under the slogan “More Power to You,” it is asking voters to take the local power pledge: “I believe in local government.” This is a pledge to use your vote in the coming […]