Nobody asked you before they signed the deal. Not the pension holder in Amsterdam whose retirement is quietly staked on a data centre in Iceland. Not the teacher in New York whose retirement fund sits inside a Stockholm-based infrastructure vehicle she's never heard of. Not the family in Johor watching the water table drop. Not the villager outside Montevideo who was told to boil river water while a tech giant fought for the right to draw millions of litres a day. The contracts were signed in boardrooms thousands of miles from the aquifers, the grids, and the neighbourhoods that would actually carry the cost ' and by the time anyone found out, the concrete was already poured. What makes this different from past infrastructure booms is who's actually funding it. This isn't just venture capitalists making a speculative bet with money they can afford to lose. It's mainstream finance ' the pension funds, insurance reserves, and retirement accounts that are supposed to be the...
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