Based in Switzerland, Nestle is the largest food corporation in the world, taking in about $1 Billion dollars annually.
Nestle doesn’t do just chocolate syrup and chocolate milk, it owns many packaged food brands, including several brands of bottled water, like Deer Park, Poland Springs, Arrowhead, Ice Mountain, Ozarka, and Zephyrhills.
By calculating their markup, bottled water is most likely their most profitable business. You see, Nestle rakes in an outrages amount of profits from bottling and reselling water it extracts from groundwater in about 86 different countries around the world.
Nestle pays a pittance for the water it extracts from the local public watersheds, then packages it into individual, single-use containers, and sells it back to the public at a markup of roughly 50 Million percent! 50 MILLION PERCENT!!! Ridiculous!
Nestle relentlessly fights to remove local restrictions that would prevent it from pumping water during drought conditions, making it especially difficult for local residents to obtain water.
In fact, Nestle CEO, Peter Brabeck personally believes that water should be privatized and applied a price, like every other commodity. In its arrogance, Nestle actually believes that it has more of a right to the water than the people of the local communities have.
Not only does Nestle fight local residents over water rights, but they actively finance efforts to prevent the rights of everyone from knowing if their food is safe to eat. Nestle has donated over a Million dollars in the state of California, to help fund a multi-million dollar misinformation campaign to prevent the GMO labeling of food in California. It’s highly likely that they’ll be funding future misinformation campaigns against us, as well.
Because of their immoral corporate misdeeds, there’s a growing international boycott of Nestle’s products by concerned consumers. You too, may want to think about Nestle’s staggering profit margin and their misdeeds against the public good, the next time you reach for that bottled water.
When you install an under counter water purifier in your own home, you can produce highly purified, clean sparkling water very easily and very inexpensively, and bottle it yourself. There’s no reason to be ripped off by profiteering corporations.