Article: Financialisation of water
source: http://www.wiserearth.org/article/18fe3455eec870e45f53047e6b046b0f/new/1/group/WorldWaterCom...
We live in a time of finance capitalism, when trading money, risk and associated products is more profitable and outpaces trading goods and services for capital accumulation. That is in short what people refer to often as “financialisation” of the economy. This has huge implications for where capital is invested and the everyday exposure of people to capital markets, as more and more aspects of everyday life – from home ownership to pensions and schooling – are mediated through financial markets rather than just markets.
