A global water crisis is looming. More than a billion people worldwide lack access to clean and safe water. Indeed, some 12 million people die each year and millions more are made sick from the lack of sanitary water. Fortunately, as noted by the CATO Institute, there is a possible solution to this insoluable problem, namely through water privatization. As noted by a new Cato report, millions of new households in Cambodia, Guinea and the Philippines have been connected to water networks through private investment, and 80 percent of these nation’s populations now have improved water, unlike countries that don’t privatize and lag behind. If allowed to expand, CATO maintains the free market can help soak up this safe drinking water crisis.

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