Neoliberalizing Nature? Market Environmentalism in Water Supply in England and Wales

Abstract The 1989 privatization of the water supply sector in England and Wales is a much-cited model of market environmentalism—the introduction of market institutions to natural resource management as a means of reconciling goals of efficiency and environmental conservation. Yet, more than a decade after privatization, the application of market mechanisms to water supply management is much more limited than had been expected. Drawing on recent geographical research on commodities, this article analyzes the reasons for this retrenchment of the market environmentalist project. I make three related claims: resource commodification is a contested, partial, and transient process; commodification is distinct from…