Coca-Cola Company is perhaps the most widely recognized corporate symbol on the planet. The company also leads in the abuse of workers’ rights, assassinations, water privatization, and worker discrimination.
In India, Coca-Cola destroys local agriculture by privatizing the country’s water resources. In Plachimada, Kerala, Coca-Cola extracted 1.5 million liters of deep well water, which they bottled and sold under the names Dasani and BonAqua. The groundwater was severely depleted, affecting thousands of communities with water shortages and destroying agricultural activity. As a result, the remaining water became contaminated with high chloride and bacteria levels, leading to scabs, eye problems, and stomach aches in the local population.
Suez-Lyonnaise Des Eaux (SLDE)
The privatization of water has had a disastrous impact on the human right to clean water, and the French company Suez is the worst perpetrator of this abuse. The company’s billions of dollars in profit come at the expense of poor people living in countries where thousands lack access to potable water, and, because of private water contracts, are also facing skyrocketing water prices.
Suez goes by many names around the world–Ondeo, SITA and others–to mask its worldwide net of controversial activities. In Manila, Philippines, after seven years of water privatization under a Suez company (Maynilad Water) contract, studies showed that water rates increased in some neighborhoods by 400 to 700 percent. These studies also showed that the negligence of the company resulted in cholera and gastroenteritis outbreaks that killed six people and severely sickened 725 in Manila’s Tondo district.
In Bolivia, a Suez company (Aguas de Illimani) left 200,000 people without access to water and caused a revolt when it tried to charge between $335 and $445 to connect a private home to the water supply. Countless people were unable to afford this charge in a country whose yearly per capita GDP is $915.
Unfortunately, the IMF and World Bank are playing a key role in pushing water privatization all over the world. Many countries have been required to open up their water supply to private companies as a condition for receiving IMF loans, and the World Bank has approved millions of dollars in loans for the privatization of water systems.