Brad’s Reviews > The Price of Thirst: Global Water Inequality and the Coming Chaos > Status Update
Brad
is on page 216 of 296
"even the World Bank started to admit that wealth was becoming concentrated among the very rich around the world, which means that the rich are having trouble finding new places to invest their money. The poor are simply too poor to buy more things, including water."
If only someone sat down and systematically analyzed what the declining profitability of investments signalled for a capitalist economy...
— Jun 26, 2024 06:11PM
If only someone sat down and systematically analyzed what the declining profitability of investments signalled for a capitalist economy...
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Brad’s Previous Updates
Brad
is on page 216 of 296
"Unfortunately, Israel has conflated water rights in the Occupied Territories with rights to territory and self-determination, arguing that the demand for water is a veiled demand for territory. At the same time, Israeli settlers in the Occupied Territories are clearly aware that there is no better way to drive people out of these territories than shutting off their water."
— Jun 26, 2024 05:59PM
Brad
is on page 25 of 296
"
...Yeah, enough said.
— Jun 22, 2024 12:38PM
After the bank's decision to mandate privatization in the 1990s, the idea that the 'poor' must be educated about what they should pay for water quickly followed. Thames Water executive Peter Spillet said, 'Clearly people do not understand the value of water and they expect it to fall from the sky and not cost anything.'"
...Yeah, enough said.



In any case, the long-term tendency is for the rate of profit to fall, and we see evidence of this historically/today worldwide. Of course that tends to come with an initial glut--as profitability declines, companies race to stave it off through measures, some of which Marx discussed: discharging of labour, extension of labour time, state subsidization of cost overheads, extension of credit, etc., but in the context of an overall decline. If it's "easier" it's because there's an increasing desperation for new lifelines to delay the trend.