Water Scarcity Privatization is Not the Solution Essay...

Although water is all around, very little is drinkable. Six billion people live on earth and 1.1 billion in 31 countries are unable to access safe, clean drinking water. California has only 20 years of water supply left. Ironically, even the wettest place on earth, Cherrapunji, India, has often water shortages. After years of millions of people dying of thirst and disease, a corporate movement to find a solution to the water crisis has now swept the world. Water, a fleeting resource vital to every life, every single day of the year, is now being taken out of the governments control and becoming a commodity bought and sold by big business, a.k.a privatization. Water privatization at a glance seems like a knight in shining Armani. Foreign†¦show more content†¦Water is a necessity and will always be in demand. Companies will usually have control of a whole body of water, so the people in the said area are subject to the prices and terms set by the company. This lack of competi tion gives them no incentive to keep costs low and quality high (Endersby). Private water companies are funded by corporate loans, which are not tax-free and have high interest rates, unlike the public financing federally-operated water suppliers enjoy. Because the companies spend more to keep running, they cut corners where they can at the publics cost. Customers are made responsible for paying for all necessary upgrades, repairs, and other maintenance (Ramakant). These necessary services, in a federally-controlled water system, are the responsibility of the government and not the people. Another affect of these cut corners is becoming harder to cover up. Water privatization, by no means, leaves the environment a better place. Corporate interests all around the world buy out tons of land previously owned by farmers indigenous people, as well as, wilderness whole water sources. When theyve completely depleted the source, they move on (Barlow). Companies have no stake in the quali ty of environment theyre taking water from. They only have stake in the water that comes from it. Companies will only submit to the desires of shareholders, who dont really see the kind of investment theyre looking for by investingShow MoreRelatedWater Scarcity: Privatization is Not the Solution Essay1061 Words   |  5 PagesWater is vital for humanity as it sustains human life and is a fundamental aspect in most of the products which are consumed by an average living person. This is why water supplies are crucial, because through them this substance is provided sadly these services are being perturbed by various obstacles that at the end are provoking a severe water scarcity around the globe. 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