As an undergraduate majoring in Latin American and Latina/o studies, I remember watching a documentary about the Cochabamba protests against the World Bank's push for water privatization in the South American country of Bolivia. During the late 1990s-early 2000s, the country was the poorest in Latin America with 70% of Bolivians living below the poverty line.
Government officials attempted to remedy the economy by following a shock therapy model. This included the implementation of neoliberal reforms, such as halting state subsidies and the privatization of publicly-owned assets. Within Cochabamba, a city in central Bolivia, privatization meant transference of the publicly held water system to a private consortium led by the Bechtel Corporation.