Thursday, February 26, 2015

Nestle Pays Only $2.25 For One Million Liters of Water

Have you ever paid $2.25 for a bottle of water? Of course, and you can pay a lot more than that if you go to a Vancouver Canucks game, a concert, movie theatre or restaurant.

So what if you could pay $2.25 not for a 500-millilitre bottle, not for a big office cooler full, but for 1 million litres of water?

Sounds ridiculous given the retail price, but that's the unbelievably low rate the BC Liberal government has given to giant multinational firm Nestle and others to extract fresh, clean groundwater to bottle and sell for exorbitant profits.

The price is so outrageous I have to repeat it. Nestle Waters Canada pays the province just $2.25 for every million litres of water.

http://thetyee.ca/Opinion/2015/02/24/Nestle-Pays-Nothing-to-Bottle-Water/

That's capitalism for you - charges you an arm and a leg for something that is basically free to them.

Why is that? Doesn't the earth belong to all of us? Air, water, food, and electricity should be free.

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