Multinational corporations are buying up water rights and transforming water from a human right into a commodity to be bought and sold to those with enough money. "Water has become big business for global corporations, which see limitless markets in growing water scarcity and demand," Shiva notes.
Fortune magazine, in 2000, identified the water business as the most profitable for investors, after the collapse of technology stocks. The World Bank indicates that the potential water market is over $1 trillion. Companies such as Coca-Cola and Pepsi are moving into the water market in major ways. Coca Cola products, now including bottled water, sell in l95 countries.
Shiva criticizes the "cowboy economics" of multinational corporations with their water-as-private-property model. She describes the "forced apportion of resources from people" as a "form of terrorism--corporate terrorism." She accuses large corporations of unleashing "a new wave of terror" that causes people to die of starvation.
Shiva describes "the struggle between the right to clean water and the right to pollute." Industry seeks to move away from pollution as a violation, to pollution as a permissible consequence of economic growth.
Fortune magazine, in 2000, identified the water business as the most profitable for investors, after the collapse of technology stocks. The World Bank indicates that the potential water market is over $1 trillion. Companies such as Coca-Cola and Pepsi are moving into the water market in major ways. Coca Cola products, now including bottled water, sell in l95 countries.
Shiva criticizes the "cowboy economics" of multinational corporations with their water-as-private-property model. She describes the "forced apportion of resources from people" as a "form of terrorism--corporate terrorism." She accuses large corporations of unleashing "a new wave of terror" that causes people to die of starvation.
Shiva describes "the struggle between the right to clean water and the right to pollute." Industry seeks to move away from pollution as a violation, to pollution as a permissible consequence of economic growth.