The explosive growth of three private water utility companies raises fears that mankind may be losing control of its most vital resource to a handful of monopolistic corporations. Analysts predict that within the next 15 years, in Europe and North America, these companies will control 65 percent to 75 percent of what are now public waterworks. Who are the Water Barons?
Corporate and Country Entities:
Water service industry: Suez (United Water) Vivendi Universal (USFilter)
Bottled water industry: Nestlé Coca-Cola, PepsiCo.& Danone
Export of H2O from H2O-rich to H2O-starved countries: Brazil which has the highest volume of renewable freshwater (12%) followed by Russia & the US
According to the World Bank in 2003, “One way or another, water will soon be moved around the world as oil is now.”
Introduction:
Water, the elixir of life, has always been the cornerstone of human civilization. From ancient civilizations flourishing along the banks of great rivers to modern metropolises relying on sophisticated water infrastructure, the significance of water cannot be overstated. However, as the world grapples with increasing water scarcity and growing demand, a new phenomenon has emerged – the rise of water barons.
In simplest terms, water barons are individuals, corporations, or even governments that wield significant control over water resources. They are the modern-day magnates who understand the intrinsic value of this vital resource and seek to capitalize on its scarcity. As they amass control over water sources, they not only shape the economic landscape but also wield considerable influence over the lives of millions.
Water, beyond being essential for sustaining life, is also a linchpin of economic development. Privatization of industries ranging from agriculture to manufacturing rely heavily on water for their operations. Moreover, water companies with access to clean and reliable water is a fundamental human right, crucial for ensuring public health, sanitation, and overall well-being. As such, the control and management of water resources have far-reaching implications, impacting everything from food security to social stability.
In this article, we delve into the intricate world of privatization control of public water, and water barons by examining their methods, motivations, and the profound effects of privatization by corporate entities. We explore the implications of privatization, the challenges of regulatory oversight, and the imperative of promoting equitable access to water for all. Join us on a journey to understand the evolving dynamics of water governance and the critical role water barons play in shaping our collective future.
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