private equity is literally to society what cancer is to a healthy cell
"Veterinary prices have soared more than 60% over the past decade, according to federal stats. Private equity firms and large corps have bought 100s of facilities around the country, an acquisition spree reminiscent of the corporate roll-ups of doctors’ offices." www.nytimes.com/2024/06/23/h...
People have grown more attached to their pets — and more willing to spend money on them — turning animal medicine into a high-tech industry worth billions.
there's a program in my city (philly but there are branches and probably similar ones in other places too) where depending on your zipcode you can get free/low cost pet services
Capitalism is the cancer, private equity is the scientists recommending Chesterfield cigarettes.
Biden's FTC has started to investigate this practice, it didn't used to even need to be reported, because each acquisition was under the reporting threshold. www.ftc.gov/news-events/...
The Federal Trade Commission and the Justice Department’s (DOJ) Antitrust Division jointly launched a public inquiry to identify serial acquisitions and roll-up strategies throughout the economy th
We should be driving it into the sea
I think of private equity as the ebola virus of finance. Because bleeding its victims to death isn't a side effect, it's part of how it works.
It’s insanity.
That is a brilliant analogy, thank you!
We have a big PE owned vet clinic that's the only place with 24 hour access to specialists and such and it's soooo expensive
We have a mobile vet in the town where I live that used to be astronomically priced compared to the other vets. Now she is the only affordable option. Truly bananas. 🍌
Taxes and regulations would take care of the problem. As a society, we are not ready to admit that we have a problem.