Economic Analysis of Linda’s Bakery Limited

Economic Analysis of Linda’s Bakery Limited Introduction Lindas was established in 1959 by Mr. Lionel Chin Fatt who saw the need for quality baked goods at an affordable price. They currently have 12 locations in Trinidad with plans to add 10 more by 2017. Their product line today includes bakery items such as bread, savoury pastries, sweet treats, cakes and their Lindas Fresh line consisting of salads, sandwiches, wraps, subs, bagels and coconut bakes. Macroeconomic Analysis GDP The Trinidad Tobago (TT) economy is predicted to continue sustainable growth (1.8-2.1%) over the short to medium term (see Figure 1.1), but less than in 2014 (2.3%). This will be driven by robust growth in the non-energy sector (2.0-2.5%) (IMF 2014). The main risk to Gross Domestic Product (GDP) growth in the energy sector – which contributes 40% of national GDP – will be a sustained decline in energy prices. At the current price of $45 for West Texas Intermediate crude oil (WTI), we anticipate a further downward revision of 2015 projected growth in the sector. We are of the opinion that both Liquefied Natural Gas (LNG) and WTI will remain at or around current prices, at least for 2015. This is in line with the International Monetary Fund (IMF) forecast for LNG but not for WTI (see Figure 1.2); however we agree that crude oil prices will not go into further decline given current circumstances. Interest Rates The Repo Rate was increased to 3.25% for three main reasons, to keep in line with expected increases in U.S. interest rates, the headline inflation rate – driven mainly by double digit food inflation, and continued steady performance in non-energy output (Kissoon 2014). We expect as the U.S. rates increase, so will the Repo Rate. The Federal Reserve is basing changes in its rate on economic performance however current indicators show mixed results. We expect that the rate of increase for both rates will be slower than originally anticipated. Unemployment Rate With an unemployment rate of 3.5%, there is extremely limited excess capacity in the labour market. Lindas has a staff turnover of 8% monthly in stores. This may be attributed to government make work programmes. Reforms that will help diversify the economic base and reduce the fiscal deficit will be difficult to implement, especially in an election year. As such we do not anticipate significant changes to the makeup of the labour force in the short to medium term. Wheat The major ingredient in Lindas products is flour. Although the flour is produced locally, wheat is imported mainly from the USA; the worlds largest wheat exporter. Wheat exports from the USA are at its lowest over the past three years and are expected to decrease because of reduced demand and a surging dollar. In the short term prices are predicted to move lower then recover in 2016, depending on demand for wheat as feed and a recovery in corn prices (Wilson and Mulvany 2015). When coupled with increased production worldwide, we anticipate continuing fluctuations in the price of wheat in the short term but not to the extent of 2010-2011 which triggered the last local price increase. Consumer Confidence In Quarter 3 of 2014 Central Bank conducted its first Consumer Confidence survey measuring at -4. This can be an indicator that consumers will spend less and save more as they are mildly pessimistic about the economy. If consumers spend less, suppliers may decrease their production output which can affect national productivity and wages. (News.gov.tt, 2015) Porters Five Forces Supplier Power Flour Lindas purchases its flour exclusively from the National Flour Mills (NFM); a state controlled Public Limited Company, and is their second largest customer. NFM recently adopted a more proactive relationship with its major stakeholders, including Lindas and the Seamen Waterfront Workers Trade Union (SWWTU), such as including them in its strategic planning. This bore positive results like a collective bargaining agreement for wages in place for 2013 to 2016 (Trinidad Express 2015). We would expect this proactive mindset to continue with the importation of wheat, if US wheat becomes too expensive. NFM can easily import wheat from Canada and Uruguay, two politically stable countries that NFM previously or currently imports other grains from. We don’t expect the fluctuations in the world wheat price to affect the price of NFM flour locally, as it is set by the government – NFM’s majority shareholder. Historically government is averse to increasing the price of flour, regardless of who is in power. This can be seen in flour – and bread – maintaining Value Added Tax (VAT) exempt status, the discounts offered on flour by the current administration, and other price fluctuations being absorbed except in 2011. Buyer Power Linda’s recently increased the prices on some products and, according to their CEO, this has had no effect on their sales. Lindas believes that once they have a quality product, their customers will pay the price for it. As such we are of the opinion that buyer power is not a major factor at this point in time. Competitive Rivalry Lindas is second in the bread market to Kiss Company Limited and they state that they are number one in the pastry business in the country. Whilst Kiss sells the same product bread we are of the opinion that they have different target markets. Kiss is available from groceries to sidewalk shops throughout the country, whereas Lindas products are only available in their stores. Lindas products have little or no preservatives and they believe that this is to their advantage since some customers will choose their products over for this reason. Threat of Substitution Gluten Free â€Å"The number of consumers who think gluten-free is generally healthier fell from 46% in 2010 to 35% in 2012, and the number who thinks it is effective in managing weight fell from 30% to 27%.† (IFT 2014) Based on the premium in product costs, we do not foresee gluten-free entering the mainstream in TT. Threat of New Entry There are some significant barriers to entry for this type of business. Capital Requirements: The CEO of Lindas stated that the minimum investment required to enter this business is approximately $50 to $70 million. Two of their major investors are Prestige Holdings and Trent Restaurant Group. Economies of Scale: In order to produce bread and pastries for multiple geographic locations, capacity must be significant and utilization maximized. Lindas expanded its factory in El Socorro, where they prepare all the products to be distributed to all locations. Product Differentiation: Lindas has recently rolled out their Fresh line which is an attempt at differentiating their product line from other bakeries. Sector of the Economy Lindas is catergorised under the food and beverage manufacturing sector of the local economy. According to the Food and Beverage Industry Development Company, with the continued expansion of the local economy, the domestic food and beverage sector is expected to continue along its progressive track. In addition, expansion of the regional economy, renewed efforts for research and further product development, and strategic niche marketing will also support sustained growth over the longer term. (FoodAndBeverageTT.com 2015) Competition Trinidad and Tobago has a free market economy with Lindas Bakery operating in as an oligopoly. The bread market is dominated by the leader Kiss Baking Company followed by Lindas Bakery. There are other competitors but they are small in comparison. In order to compete at the same level as Lindas you would need to have at least $50-$70 million TTD in startup costs. Their products however are differentiated. They are price makers utilizing product differentiation by offering a wider range of high quality products some of which may not found in other bakeries. They have also added a new line called Lindas Fresh to accommodate changing customer demands and to stay one step away from the competitor. Customer Analysis Analysis of Demand and Supply There is limited statistical data on demand and supply within the industry. Therefore we made assumptions using the theoretical concepts and behavioural changes in wheat imports and consumer purchasing. Wheat imports steadily declined from 2011 to 2014 from 140 to 135. It is projected at 135,000 MT in 2014/2015MY in the Trade report and current USDA World Markets (USDA 2015). The wheat import forecast fell by -2 (1.45%) thd. mt in the 2014/2015 in comparison to 2013/2014 season. The opening stock for 2014/2015 was 5 thd. mt (indexmundi.com 2015). Using this trend we can assume that the consumption of flour based products (such as bread) has decreased over the years. We can assume that this may be due to lifestyle changes considering â€Å"There is an explosion of diabetes in Trinidad and Tobago and the Caribbean and it is now the second leading cause of death in TT.† (Baboolal 2015) With a prevalence rate of 14.2% and an undiagnosed rate of 37.6%, it is possible that 1 out of 2 adults (20-79) in TT are diabetic (IDF 2015). We anticipate a surge of diabetic related issues over the medium to long term. According to the World Health Organization the life expectancy for Trinbagonians has increased from an average of 70.85 to 72.5 years. This can lead to suppliers producing less. Price Elasticity Lindas Bakery product is price inelastic. Their bread prices are lower when compared to Kiss Bakery; however Kiss is the market leader. Bread is considered to be a necessary commodity used in everyday life and is highly consumed in Trinidad. If there is an increase in price, then ceteris parabus, the quantity demanded will not decrease. The percentage of income spent is relatively low; there is a wide availability of substitutes, a high degree of necessity and no switching costs. Complementary and Substitute Products On a very basic level Lindas complemented their goods with drinks for sale, a common practice for most food outlets. For example the sale of a sandwich or Lindas fresh might increase the demand for drinks. However with a substitute the buyer might buy something other than the intended good in store but if the substitute is outside the business then the company will not maximise profit. Externalities (Positive and Negative) Positive externality in consumption is Lindas Bakery training their staff resulting in an increase of human capital. They are therefore able to educate other people who benefit from them. Positive externality in production is the tax break in manufacturing that will encourage entrepreneurship to lead to diversification, employment and economic growth. Free markets allow the negative externality in consumption is the increase rate of diabetes and obesity in Trinidad and Tobago. Conclusion There are major opportunities and challenges for Lindas within the current economic environment. Lindas Bakery has plans for expansion nationally and potentially regionally. Based on the expense to expand production capacity, Linda’s must continue on its current expansion path to effectively utilize this increase in production capacity. They can accomplish this expansion by utilizing their current resources and revenue to accomplish the task. As such they currently do not need to go for financing and are not affected by the increase in interest rate. This is another reason why we recommend Linda’s continue on its current expansion path. They can gain a competitive advantage through the application of technology. For example the introduction of an app can boost the companys visibility and brand awareness, generate sales and capture customer data to make projections. However, a major challenge for the company is the limited supply of labour in the country. Even though persons can seek employment at Lindas with limited experience, there exist easier options through government programmes. The application of technology above may also mitigate some of the burdens of in store staff by shifting the effort needed to the customer. Appendix Figure 1.1 Figure 1.2 Works cited Baboolal, Yvonne. 2015. Diabetes In TT Ranked No 2 Killer. Trinidad Tobago Guardian. http://www.guardian.co.tt/news/2012-03-12/diabetes-tt-ranked-no-2-killer. FoodAndBeverageTT.com,. 2015. Industry Profile | Food And Beverage Industry Development Committee |. http://www.foodandbeveragett.com/industry-profile/. Government of Trinidad Tobago. 2014. Budget Presentation 2015. Port of Spain. IDF, International Diabetes Federation. 2015. Trinidad And Tobago. http://www.idf.org/membership/nac/trinidad-and-tobago. IMF, International Monetary Fund,. 2015. Trinidad And Tobago And The IMF. http://www.imf.org/external/country/tto/. Indexmundi.com,. 2015. Trinidad And Tobago Wheat Imports By Year (1000 MT). http://www.indexmundi.com/agriculture/?country=ttcommodity=wheatgraph=imports. Kissoon, Carolyn. 2014. Repo Rate Increases To 3.25 Per Cent. Trinidad Express. http://www.trinidadexpress.com/news/Repo-rate-increases-to-325-per-cent-284545331.html. News.gov.tt,. 2015. Central Bank: Local Consumers â€Å"Pessimistic†. http://www.news.gov.tt/content/central-bank-local-consumers-pessimistic#.VRYEofnF_xV. Sloan, Elizabeth. 2014. The Top Ten Functional Food Trends.Food Technology.http://www.ift.org/food-technology/past-issues/2014/april/features/toptentrends.aspx. USDA, United States Department of Agriculture. 2015. ‘Data Analysis’. http://www.fas.usda.gov/data Wilson, Jeff, and Lydia Mulvany. 2015. Russians, Argentines, Cows Are Squeezing U.S. Wheat Price. Bloomberg.Com. http://www.bloomberg.com/news/articles/2015-01-29/russians-europeans-cows-are-squeezing-u-s-wheat-price.

Discovery :: essays research papers

Discoveries reveal things that we often would prefer to keep hidden. Discuss the concept of â€Å"Discovery† and the effects it has on those who are involved. You must refer to your set text and supplementary material which you have studied in relation to this topic. The topic discovery involves the reviling of past things that were previously unknown. These truths can range from physical objects to self-awareness, from new knowledge to hidden memory. However, discovery can be such a powerful thing that some things may be better left hidden. An example of someone discovering the past is in the set text, Sally Morgan’s â€Å"My Place†. The supplementary material that will be â€Å"Paperbark-tree† by Oodgeroo Noonuccal and Sarah’s Story from the National Inquiry. Two issues that are raised in â€Å"My Place† are the discovery of self and the search for historical truth. Part of growing up involves the discovery of self. This normally means finding out your family’s history. In â€Å"My Place†, Sally grows up feeling that there is a lot about her past that she doesn’t know. â€Å"the feeling that a very vital part of me was missing and that I’d never belong anywhere.† When she was a child, her best friend was Winnie the Pooh. She felt that she had a lot in common because they both felt like misfits. Both her mother and grandmother know that Sally doesn’t know much about their Aboriginal heritage, and so therefore tell her that she is Indian.   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Come on, Mum, what are we?   Ã‚  Ã‚  Ã‚  Ã‚  What do the kids at school say?   Ã‚  Ã‚  Ã‚  Ã‚  Anything. Italian, Greek, Indian.   Ã‚  Ã‚  Ã‚  Ã‚  Tell them you’re Indian.† Eventually Sally find’s out that she is Aboriginal and by finding this out, starts her on a quest for knowledge. This feeling of having not much idea of who you are may make you want to go and find out the truth. A big example of this is Aborigine’s who were taken from their parents as children and sent away to work as slaves. In Sarah’s story she explains how as a child, just like Sally, she was told that she was not aboriginal. She was white skinned living with her white skinned father and had to be taken away because people believed that white skins should not mix with natives. â€Å"We were discouraged from any contact with Aboriginal People.† The second issue that is faced in â€Å"My Place† is historical truth. Know matter how the reader interprets the story, they are always going to be able to read about Australia’s past.

Examples of institutional racism Essay

Although subtler than it has been in Western society, IR is still prevalent as a social factor. For example, Stephen Lawrence, a black teenager ‘was unlawfully killed in a completely unprovoked racist attack by five white youths on April 22, 1993’ (Macpherson, 1999). What was disturbing about this incident is that the inquest took 6 years to be scrutinized and police refused to help Mr. Lawrence even though he was in a pool of his own blood. Police were also given defining information that could have led to arrests, and they refused to accept that information. When one of the attackers was picked out from a criminal line-up pool, the police suggested that the survivour of the attack, Mr. Brooks who positively identified the assailant, was at best, guessing. The police would later confess that one of their officers could not remember anything he was told and later when called upon to testify he indicated that he had no record of any notes he may have taken. Video surveillance of the suspected attackers caught them on tape boasting how they were going to ‘cut black people up’. The case against the suspects was dropped after the police claimed that the eyewitness account of the survivour was unreliable. Subsequently, they arrested Mr. Brooks while he was protesting the fate of his friend and police promptly charged him. A judge would later throw out the case. Seeking justice the parents of Stephen Lawrence attempted to further prosecute the suspects. However, when that failed they launched a campaign for a public inquiry into the way that police handled the investigation of their son’s murder. It was only then that the above facts became publicly available. After the embarrassment of the police service and a lengthy inquiry, this led to the Stephen Lawrence Inquiry: The Stephen Lawrence inquiry gave rise to the study of police stop-and-search in London which follows on from a report published by the Metropolitan Police Service (MPS). The Interim Report presented the results of the first year of a programme of action to improve police searches covered by section1 of PACE (the 1984 Police and Criminal Evidence Act). The programme began in April 1998 and was implemented in seven areas of London – Charing Cross, Limehouse, Brixton, Plumstead, Hounslow, Kingston and Tottenham. The pilot sites varied in the populations they served, the main crimes they had to deal with and the number of searches they recorded. Over the year, each showed significant improvement in supervising officers’’ use of the power and in the proportion of searches which produced an arrest. (http://www. met. police. uk/publications/stop_search/report. htm) The perception of acknowledgement of social responsibility by the police and their creation of policy with regards to their policing standards has left many in the black community on edge. The black community does not trust police to act appropriately regardless of how they portray themselves (Macpherson, 1999). This has led to further conflict and clashes with police. Conflict theorists believe that conflict is a normal part of institutional practices. This approach to the analysis of racism proposes that the whole society, not just the police, still survives on the historical wrongs done to ethnic minorities and that the dominant ethnic groups seek to maintain the marginalized in positions of inferiority by perpetuating ‘sets of advantages or privileges for the majority group and exclusions or deprivations for minority groups’ (Rodrieguez, 1987). Institutional racism ‘is so embracing an operating principle that it no longer requires conscious or overtly racist acts to sustain it’ (Rodrieguez, 1987). The overt apathy that is displayed by police is inherent in control systems (Axelson, 1998). Further, the inability or lack of want to acknowledge that institutionalised racism even exists creates a veiled illusion that everything is fine. Another event that the world cannot forget is the Rodney King beating that took place in Los Angeles, California. Rodney King, a black man was severely beaten by a group of Los Angeles police officers. This unfortunate event was videotaped. When this event was dispersed to the various news agencies public dissent ensued. Los Angeles had riots. The whole incident led Mr. King to be awarded a sum of $100 million dollars. However, this award did nothing to quell the distrust of police by blacks nor has it substantially improved relations between blacks and police. Both are seen a necessary evils (http://archives. cnn. com/2001/LAW/03/02/beating. anniversity. king. 02/). Institutional Racism is Not Acknowledged The problem of institutional racism in the police force is not simply a problem of racist attitudes held by individual ‘bad police constables’ but exposes a deeper problem of the reliance on outdated police policy that has become routine in an apathetic way. It is only through exposing the results of institutional racism through such acts as police brutality, the lack of ethnic minorities in positions of power, the lack of ethnic minority business ownership and the lack of ethnic faces in mainstream media can resistance to the belief that IR exists and is a reality. A fundamental question arising from this is, â€Å"How damaging is it when media, schools, legislatures and other institutions call racist myths true? † The cultivation of an inability to voice, express or even acknowledge that institutional racism exists and more overt forms of discrimination are the basis of which the prevailing Western culture maintains its influence is denigrating at the least and a cause for riots and increased violence at its worst. This attitude and lack of acknowledgement that IR exists, creates those who are perceived as inferior, and they may internalize the other’s perception as valid and behave accordingly. The person perceived as inferior may develop a self-fulfilling prophecy in relation to this, until this cycle is broken. The effects of IR include lowered self-esteem and inadequate self-concept. The Pygmalion effect is a self-fulfilling prophecy where people conform to others’ expectations regardless of their true abilities. IR may become a state of mind and a set of emotions and values, and a set of behaviours. Institutionalised racist modes range from hostile domination to passive acceptance (defined as avoiding, ignoring or pretending to be correct and polite). In the social changes of the last twenty years, change, like the reduction of outward hostility has occurred, yet more understanding is needed before equal acceptance and good will can occur (Axelson, 1998). Institutionalised racism is an indirect and largely invisible process which can be compared with the glass ceiling. It is a term encompassing the often unintentional barriers and selection/promotion procedures which serve to disadvantage members of ethnic minority groups. Braham, Rattansi, Skellington, 1992, pp.100-120) suggest that widening our definition of discrimination to include indirect or ‘institutional’ racism gives a much better understanding of the barriers faced by ethnic minorities. Braham et al. caution that it is important to acknowledge the wide range of practices involved – some much more obvious than others. Rejecting the proposition that all institutions are uniformly racist, they argue that ‘the kind of procedures†¦ that disadvantage black people also disadvantage other groups’. The British Civil Service is a good illustration of the existence and strength of institutionalised disadvantage. A Cabinet Office report in 1995 concluded that it was a bastion of the white, male middle-classes, making it difficult for ethnic minorities to progress into its upper reaches. The report concluded that the main barriers to career development were prejudice and/or ignorance among managers and a lack of confidence among ethnic minority staff. These barriers were derived from attitudinal or cultural stereotypes which limited expectations and opportunities on both sides. Conclusion In conclusion, institutional racism as defined has had serious deleterious effects on culture and society. These effects are manifested in language, ideas, schools, language policies, economic stratification social segregation, housing markets, hiring and promotional schemas, ethnic minority’s’ psychological issues and ethnic minority access to a variety of social services and opportunities. The continuation of institutional racism, though discouraging, can be seen as a positive development from the perspective of the decline of the more overt forms of racism. However, the lack of knowledge or the denial of the more subtle forms of racism can be extremely detrimental to both majority and minority group members. Institutional forms of racism may include police practices, unemployment, housing and education issues, discriminatory practices and inadequate welfare programs. IR may rear its head through the decision by Western culture to arbitrarily decide what is socially valuable. People tend to take as valuable what is most familiar to them. Prejudiced attitudes can be found in many elements, including language, education, religion, norms of morality, economics and aesthetics. A mental and emotional connection of the majority group with superiority and connecting minority cultures to inferiority makes IR pervasive and difficult to eradicate (Axelson, 1998). At an international level, institutional racism may be considered as a product of colonialist and imperialist strategies. These strategies employ racism as an important element in the justification and maintenance of relations of exploitation and unequal exchange with subordinate populations who happen to be physically different. Research of racism focuses on the condition that the rise and fall of racial stereotypes and racial prejudice is closely linked to the changing historical relations between different populations and to the interests of dominant groups (Seymour-Smith, 1986). A clear assessment of the attitudes, beliefs, social norms and corporate culture is required of the institution if it is to recognize policies, practices and procedures that may be exclusive to ethnic minority groups. It is through asking, seeing and acknowledging that institutional racism exists will create a forum for awareness. The lessons of Stephen Lawrence and Rodney King serve as societal reminders that a subtle, pervasive form of racism does indeed exist. Those attitudes are so ingrained and accepted that they are our social norm. Our unwillingness to formally acknowledge that anything these beliefs and attitudes are indeed incorrect will create more tension and unrest. It is through the constant reminder and education that though the practice of institutional racism may be part of the social fabric, it is not acceptable. It is not acceptable because although it is believed to not exist or acknowledged, the consequences of not acknowledging IR are seen through the disregard of humanity as in the cases of Stephen Lawrence and Rodney King. It shall only be through the forthright acknowledgement that something is inherently biased in our social framework will IR ever be diminished and eradicated. References viewed January 10, 2006. viewed January 8, 2006. viewed January 8, 2006. viewed January 9, 2006. viewed January 9, 2006. Axelson, J. A. (1998). Counseling and development in a multicultural society. Belmont, CA. Wadsworth Publishing. Braham, P. , Rattansi A. , and Skellington, R. 1992. (eds. ), Racism and Antiracism: Inequalities, Opportunities and Policies. Sage. p. 100-120. Green, D. G. 2000. Institutional Racism and the Police: Fact or Fiction. Civitas. London. Macpherson, Sir William (1999). The Stephen Lawrence Inquiry: The Report of an Inquiry. London: HMSO. Massingale, Fr. Bryan. 1998. â€Å"The Ethics of Racism. † Origins vol. 28, iss. 24, p. 26. Massey, D. S. , Fischer, M. J. (1998, December). Where We Live, in Black and White. The Nation, viewed January 9, 2006, . Myers, D. G. (1993). Social psychology (4th ed), McGraw-Hill, Columbus, OH. Jefferson, T. (1992). ‘The racism of criminalisation: policing and the reproduction of the criminal other’, in Gelsthorpe. L (ed. ). Cropwood Roundtable on Ethnic Minority Groups and the Criminal Justice System. Cambridge: Institute of Criminology. Price, A. J. (1997) Human Resource Management in a Business Context, International Thomson Business Press, Ch. 9. Rodrieguez, A. M. (1987). ‘Institutional racism in the organisational setting: an action-research approach’, in Shaw J. (eds. ). Strategies for Improving Race Relations. Manchester: Manchester University Press. Seymour-Smith, C. 1986. Macmillan Dictionary of Anthropology. The Macmillan Press. lastname, initial. 2006. I felt that a more comprehensive definition was needed.

At Some Point In Our Day Regardless Of Social Standing

At some point in our day regardless of social standing you are using or interacting with something that was produced from a fossil fuel source, so the first main concept is fossil fuels cause as Americans we are particularly well at using this up with the carbon foot print we create. This then leads is to look at what Americans actually value, and is God still the most valuable concept or is our economy so money driven that we don’t even care anymore. Then from there, is there a way to potentially change the mindset, and our consumptive behaviors and if so what and how? Pretty much since the time of the industrial revolution, Americans and other nations (once industrialized) have been using fossil fuels, to help drive the economy, guess†¦show more content†¦This is obtained typically by knocking down forests to build houses, or create farm land. (the over use of GMOs will not be talked about in this paper) The way in which we obtain these resources like fossil fuels a re destructive to say the least, in most cases. The most common and often heard of method is deep sea drilling and oil fracking. This method of crude oil retrieval has a high rate of pollution, Huffman’s article (@@@) shows the ways in which hydrofracting can contaminate just about everything, from air water and even soil. The method of obtaining the oil in a brief description involves drilling large and deep holes into the ground, multiple chemicals are then pushed into the holes which break apart the bedrock and release the fossil fuel. The contaminants come from the chemicals, which are not able to be extracted out of the soil and they often infiltrate the underground water supplies that lay near. This has been on the news numerous times and VICE actual has a documentary about this. The water supply that is contaminated is often used by small suburban communities / farm lands and other low populated cities. But the effect is that it makes their water so contaminated that t hey can literally set it on fire, as it has so much ethanol and oil in it. This contamination level of contamination is so destructive that it makes living in these areas almost impossible. Our drive forShow MoreRelatedThe Definition of Capitalism: Greed Essay827 Words   |  4 Pagescalled caritas . While this is a very moving and true concept , this is not the reality we live in . Our modern free enterprise , which derived its structure from the Catholic Church of the eighteenth century , is infused with many things , and love most certainly is not one of them. Although , Capitalism is essential for us to continue progressing into a modern future; at some point in time, Capitalism lost its artlessness. 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