Saturday, May 29, 2010

US is wasting essential water in China, India

Intel is going head-to-head with businesses like Coca-Cola to swallow up scarce water resources in the developing world, business newswire Bloomberg reported this week. Chip fabrication plants in those countries, as well factories such as the soft drink giant's bottling plants, are swallowing up scarce resources needed by the 1.6 billion people who rely on water for farming.

At the current rate, India will have exhausted its fresh water supplies by 2050. The weakest monsoon for more than three decades cut rice output in India last year by as much as 10 per cent, while southwestern China suffered its worst drought in a century earlier this year.  China has already polluted 70 per cent of its rivers and lakes, while half of all cities suffer contaminated groundwater.

IMO: Beijing Enterprises Water Group warns “Wars may start over the scarcity of water.” And Australians have already been jailed in China for trying to get more money for Aust mineral resources so I would say that is hardly an idle boast. The Chinese have almost sold their economy out to the US, Chinese are committing suicide at the Apple chip factory and so on. India is hardly any better off. Nobody should buy Pepsi or Coke after what has happened in Kerala, quite intentionally because of the cheap lolly water companies. Eccentrics like Warren Buffett, so typical of US capitalism, must accept blame for many of the problems.

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