User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

forward

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link I SEE THE CLICHÉ CHICKENS ARE BACK AGAIN TED 10:02 Sat Aug 30, 2014

offsite link IRELAND?S TAX HAVEN INDUSTRY 22:01 Tue Aug 05, 2014

offsite link IPA Summer School - Social Justice, Poverty and Ireland - 28 July 2014 11:56 Mon Jul 28, 2014

offsite link Feminist Economics - Cuts are a Feminist Issue 08:21 Wed Jun 18, 2014

offsite link Feminist Economics - Care and Social Reproduction 16:11 Fri Jun 13, 2014

Dublin Opinion >>

Irish Left Review
Joined up thinking for the Irish Left

offsite link After the Gaza Massacre and After the Marches, What Do We Do? Thu Aug 28, 2014 16:10 | David Landy

offsite link Two London Exhibitions: Two Ways of Seeing Thu Aug 28, 2014 10:07 | Seán Sheehan

offsite link Connelly Youth Movement Talk: Latin America Today, Saturday 14:00, Connolly Book... Thu Aug 28, 2014 08:39 | Irish Left Review

offsite link Dismal Job Numbers Expose Government Spin Wed Aug 27, 2014 13:04 | Michael Taft

offsite link Deng Xiaoping ? The World?s Greatest Economist Tue Aug 26, 2014 10:56 | John Ross

Irish Left Review >>

Human Rights in Ireland
www.humanrights.ie

offsite link Presumption of Guilt: Islamic State and UK Criminal Law Fri Aug 29, 2014 19:15 | Colin Murray

offsite link Time for Our Referendum Sat Aug 23, 2014 13:57 | Vicky Conway

offsite link Call for Submissions: Irish Community Development Law Journal Fri Aug 22, 2014 11:01 | admin

offsite link Suicide and the Protection of Life During Pregnancy Act: Where Are We Now? Wed Aug 20, 2014 12:00 | Máiréad Enright

offsite link Contesting the cruel treatment of pregnant women ? Ruth Fletcher Tue Aug 19, 2014 08:15 | GuestPost

Human Rights in Ireland >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Why Irish Water Will Be Sold Off

category national | bin tax/household tax/water tax | opinion/analysis author Wednesday June 04, 2014 15:18author by Luke Eastwood Report this post to the editors

Water is becoming a corporate resource - the sell off of Irish Water is almost certain Call me a cynic, but I am absolutely convinced that the current Irish government has created Uisce Éireann (Irish Water) with the sole purpose of selling Ireland’s water rights to the private sector within the next decade. Already Uisce Éireann has wasted over €80 million euro in consultancy fees paid to the private sector and it will continue to use private sector contractors to carry out its work, at as yet unknown cost. It is only the fact that it would be political suicide for the government right now that prevents a share issue in the near future.

So why would the government consider such a crazy and reckless thing as to sell our most vital national resource, that belongs to the people of Ireland, to any takers? If one looks at other industries – oil, gas and forestry for example the current and previous governments have been quite happy to play into the hands of corporate interests, quite obviously against the national interest. Only because of public embarrassment has there been any back-pedalling on handing over the nation’s resources for next to nothing to corporate vultures.
Given the nonchalance of this and previous governments, it should not be a surprise if we find that Uisce Éireann is up for sale in a few years, after all the current fuss over water metering has died down. Sure, the government knows that a week is a long time in politics and given enough time elapsed people quickly forget – thus allowing all manner of nefarious schemes to go ahead unchecked.

If we look at water in a wider context – it is fast becoming a commodity to equal oil in value and so the big banks and mega corporations of the world are all clambering to get in on the next growth industry. A recent article from zerohedge.com(1) highlights increased interest in the water industry as the world moves towards ‘Peak Water’, or rather increased demand for a dwindling supply of fresh accessible water.

This process of diversifying into water has already begun, as documented by globalreseach.ca website (2,3). No doubt banks and corporations looking to invest in water will being keeping a close eye on Ireland, in the hope of snagging a bargain at the expense of the Irish tax-payer.

Ireland, as we all know, has a temperate climate with high annual rainfall, which means that we actually have a surplus of water most years. Unfortunately for the government, because our water system is so antiquated a massive percentage of our water is either not collected (not enough reservoirs) or lost through poorly maintained infrastructure, hence Uisce Éireann is not profitable.

At the moment Uisce Éireann has no track record, the repair work to be paid for by us taxpayers has yet to be done. However, in a year or two there will most likely be a healthy balance sheet when the infrastructure has been upgraded out of the massive income received through billing the country’s citizens for the right to drink and wash.

At such point when Uisce Éireann is making a handsome profit the government will no doubt be encouraged by the IMF and EU to sell it off to help pay off Ireland’s staggering national debt (4) (currently approx imately €179bn euro and rising).

It would make more sense to put the annual profits from Uisce Éireann into further improvements and also national debt repayments, rather than sell off the company, although both FF and FG are more interested in placating big business, the banks especially, than they are interested in serving the people that vote them in.

Sadly Ireland is controlled by largely concealed corporate interests who pull the puppet strings of our politicians. So when I read the headlines in a few years – ‘Uisce Éireann to become a PLC’ or similar, it will be entirely unsurprising. What worries me most is that people in this country cannot see that this is the most likely outcome and have still not realised that the concerns of the electorate mean nothing to most of the members of Dáil Éireann.

1. http://www.zerohedge.com/news/2014-05-30/path-peak-wate...aphic
2. http://www.globalresearch.ca/the-new-water-barons-wall-...83274
3. http://www.globalresearch.ca/privatization-of-water-as-...78483
4. http://www.financedublin.com/debtclock.php

Related Link: http://www.lukeeastwood.com
author by concernedcitizenpublication date Wed Jun 04, 2014 22:13Report this post to the editors

The water of ireland,belongs to the people of this island and nobody else..

If enough people of ireland get together they can lodge legal action against this transaction..

 
© 2001-2014 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy