Privatization Of Water

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Recommended: Water privatization pros and cons

Water is a Public Good
Donna Blizzard
Business Ethics
Professor Ronald Brown
October 2, 2017
Introduction
One fact, not arguable by humanity, is that water is a basic human need for survival. What is up for debate is who should own the water rights. Corporations like Nestle view water not as a public good free for consumption, but as a commodity to profit from (True Activist, 2016). Society suffers from privatization of our water resources due to the high prices charged to gain access to one of life’s necessities to the lack of social and environmental responsibility by the large corporate conglomerates profiting by this natural resource (Paul, 2013, p.470). Governments need to own their responsibility to protect the rights of humanity, …show more content…

Corporations like Nestle recognize water as a scarce resource, and reflect that society is treating it irresponsibly, so their solution is to place a dollar value on water to modify the wasteful use by humans to ensure our supply of water is sustainable for future generations (Confino, 2013). Another benefit to privatization is the ability for financially strapped governments to find a solution to build and maintain the much needed infrastructures to service their citizens with clean potable water (Paul, 2013, p. …show more content…

is conveyed to be the solution by the governments due to their lack of money, knowledge, and experience to build and repair the much needed infrastructure to provide the basic need of water to its people, negative results of privatization has occurred. One negative impact on humanity is that the corporations managing the water resources are supporting the shareholder theory and placing profits above stakeholders (Paul, 2013). The cost of the water infrastructure improvements has been transferred to the citizens in the form of exorbitant rates for water to the point that it is no longer affordable (Paul,

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