Article 13M59 Flint crisis reminds us: profit motive has no place when it comes to necessities

Flint crisis reminds us: profit motive has no place when it comes to necessities

by
Suzanne McGee
from on (#13M59)

A New Jersey law makes it easier for cities to sell off municipal assets, setting a dangerous standard at a time when citizens face threats to water supplies

Last year was a disappointing year for many investors but over at American Water Works, shareholders were celebrating. They scored a 13.5% profit last year, and have continued to swim against the market tide so far in 2016.

Great news if you happen to be a shareholder in the company. Not so much, perhaps, if you happen to believe that the business of providing water to our houses shouldn't be about maximizing profits.

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