Thames Water’s £14bn Swirly: How London Turned Its River into a Global Financial Toilet
London—A city that once convinced half the planet that fog was romantic and rationing was patriotic—has now managed to export a new marvel: the idea that water itself can be a speculative asset class. Thames Water, the private monopoly sloshing through 15 million British bathtubs, is circling the drain so elegantly that financiers from Sydney…