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      disaster capitalism

      ​An aerial image taken on July 20, 2021 shows homes in Boulder City, Nevada adjacent to Lake Mead on the Colorado River.

      'Drought Profiteers' Under Fire as Wall Street Targets Colorado River Water

      "Vultures," said one critic, are "looking to make a lot of money off this public resource."

      Kenny Stancil
      Jan 31, 2023

      Financial speculators are buying and selling rights to the Colorado River's dwindling water resources in a bid to profit as historic drought conditions intensified by the fossil fuel-driven climate crisis lead to worsening scarcity.

      Wall Street investment firms "have identified the drought as an opportunity to make money," Andy Mueller, general manager of the Colorado River Water Conservation District, toldCBS News on Tuesday. "I view these drought profiteers as vultures. They're looking to make a lot of money off this public resource."

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      Economy
      Wall Street
      Zelenskyy BlackRock

      BlackRock Accused of 'Trying to Cash In On the Disaster' With Ukraine Reconstruction Deal

      "This is going to make the neoliberalism and privatization the U.S. inflicted on post-Soviet Russia look like child's play," one critic predicted.

      Brett Wilkins
      Dec 29, 2022

      Investment behemoth BlackRock was accused Thursday of what author Naomi Klein termed "disaster capitalism" after war-ravaged Ukraine's president announced he would work with the firm to coordinate foreign investment in the country's reconstruction.

      "The BlackRock team has been working for several months on a project to advise the Ukrainian government on how to structure the country's reconstruction funds," Ukrainian President Volodymyr Zelenskyy's office said Wednesday following the president's video conference with BlackRock CEO Larry Fink.

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      blackrock
      Wilson Aponte poses in front of his home on September 20, 2022 in Cabo Rojo, Puerto Rico.

      Fury Over Privatized Grid Grows as Tens of Thousands Still Without Power in Puerto Rico

      Until the U.S. island's colonial status "is rectified," wrote one observer, "it's a safe bet that Puerto Rico will never fully recover."

      Kenny Stancil
      Oct 06, 2022

      Frustration with Puerto Rico's privatized electric grid is mounting, as roughly 82,000 people on the island of 3.2 million still lacked power on Thursday, more than two weeks after Hurricane Fiona plunged the whole U.S. territory into the dark.

      "We are going to be here, every day, until the town of Ponce has electricity."

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