Background for people who haven't been following along: The water authorities were privatised to 'encourage investment' rather than the government footing the

Background for people who haven't been following along: The water authorities were privatised to 'encourage investment' rather than the government footing the bill for maintaining and expanding them. The new water companies were snapped up by big multinationals who didn't invest in infrastructure. Instead these newly-owned water companies then took humungous loans which they paid to the buyers. So the buyers got the money and the water companies got the debt to service. Now everyone wonders why the water companies, who are charging more than ever and have a really failing system, are going bankrupt...?