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Environmental Economics Essay

Environmental Economics Water is needed for life like few other natural resources. The Earth and the human body are both made up of more than 75% water, and they both require this simple concoction of one hydrogen and two oxygen atoms bonded strongly together more than anything except maybe sunlight. For millennia the water supply has been a constant. It did not cost anything, but it was always subject to vagaries such as disease and shortage due to drought. Now water is being bottled and sold, and the world water market has been estimated as worth $800 billion in U.S. currency. The bottled water industry and its effects in the small towns where the water is "mined" are the subjects of this video.

Throughout the video, average citizens talk about how water is used in their small towns and how that use is being usurped by profit-hungry corporations such as Nestle. Due to the fact that it is cheap to extract and bottle the product, and also because it is very profitable to sell the product,...

The gist of the video is that the communities are suffering because they are not sharing in the profits, and the environment is suffering because the water is being mined and then shipped to new locations around the world. The main voices in the video are authorities who worked in presidential administrations (Carter's and Clinton's) as economic advisers.
Economic Issues

The main point covered in the video with regard to economics is that the towns from which the water is being taken are not receiving any of the profits from the extraction. There is no mention (except for a vague segment in which a town was mysteriously without water for a day-and-a-half while Nestle continued to extract water in 2004) of the extraction of the water actually hurting the people or the water tables in the area. However, the town which is the main concern…

Sources used in this document:
Works Cited

Corporate Accountability International. "Large-Scale Water Extraction in Maine." (2010). Web.

Stop Nestle Waters. "Nestle Water extraction Subject of Meeting, Legislation in Maine." (2011). Web.

US Water News. "Group Plans Water Extraction Tax, Asks State Support." (2004). Web.
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