Invisible Hands: 6. There Is No Alternative
The History Podcast
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The Water Wars: A Historical Perspective
This chapter explores the decline of free market capitalism amid the complexities of the modern trade war, tracing its roots through historical anecdotes about the UK water industry. It highlights the consequences of privatization efforts initiated in the late 1980s, revealing a stark contrast between projected benefits and the current state of water quality. The chapter critically examines the financial maneuvers of foreign investors and the neglect of infrastructure, leading to severe environmental repercussions in the UK.
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