Nations Are Exiting a Secretive System That Protects Corporations. One Country’s Story Shows How Hard That Can Be

Shop vendors protest a foreign consortium’s sharp increase in water rates in Cochabamba, Bolivia, on Feb. 5, 2000. The city’s water services were privatized in the late 1990s with encouragement from the World Bank. Credit: Gonzalo Espinoza/AFP via Getty Images

Cashing Out: Eighth in a series on the secretive system disrupting climate action and forcing big payouts to fossil fuel companies. In January 2000, thousands of Bolivians flooded into the streets of the city of Cochabamba. The region’s water services had just been privatized and sold to an American-led consortium, which hiked rates sharply.  The protests roiled … Continue reading Nations Are Exiting a Secretive System That Protects Corporations. One Country’s Story Shows How Hard That Can Be

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