This document published by the Institute for Agriculture and Trade Policy (IATP) warns of the growing perception of water as an economic good and argues that a new consortium of business and international finance is systematically trying to influence how the world’s water will be allocated in future. This consortium seeks to promote policies that will treat water primarily as an economic good to be bought and sold, rather than a fundamental right. Because the consortium works directly with governments, or its office-holders, its initiatives are proceeding without much public awareness or attention.