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WATER ABLAZE - Patagonia Sin Represas

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aim is to spread. Genetically-engineered varieties could contaminate<br />

the whole planet – a process which would be almost impossible to halt.<br />

3.4 The Water Business – One Source of<br />

Revenue That Will Never Run Dry<br />

Water – or the lack of it – is one man’s fate and misfortune and another<br />

man’s gold-mine, a resource promising to yield ever-spiralling profits<br />

on account of its scarcity: “In the twenty-first century, water will<br />

become what oil was in the twentieth century.” This was the prognosis<br />

of the U.S. financial journal Fortune in the year 2000.<br />

In one of the advertisements in its “magazine for innovative<br />

investment products”, ideas, the German Commerzbank states very<br />

precisely what water privatisation is really all about: “Earn money with<br />

the rich. [...] Water, the oil of the twenty-first century. [...] Every person<br />

in this country uses around 129 litres of water a day while, at the same<br />

time, more than one billion people worldwide have no access to clean<br />

drinking water and half the population in the developing world are<br />

without basic sanitation. Water is scarce and demands are rising. Is<br />

water the megatrend of the coming century For investors at any rate!<br />

[...]<br />

Although we currently still have sufficient water reserves, experts<br />

are already predicting a water crisis. The demand for water is rising at a<br />

rate of 2∙5 per cent annually, considerably faster than world population<br />

growth. [...] Progressive urbanisation, above all in transitional countries<br />

such as China and India, is also taking its toll, as is the increasing<br />

health and hygiene awareness in the western world. Those who know<br />

the water industry are therefore prophesying a global water shortage<br />

by the year 2030, at the latest 2050. [...]<br />

Adhering to EU wastewater guidelines alone will cost about €300<br />

billion in the coming decade. On top of this, the EU has decreed that<br />

member states must introduce water prices according to the actual<br />

27

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