Shiv Ramdas: private equity is literally to society what cancer is to a healthy cell

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...

Why You’re Paying Your Veterinarian So Muchwww.nytimes.com 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.

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. 🍌

can we make private equity illegal

guess who benefits from it

can we make politicians illegal

I'd settle for making them afraid again

I'm not saying Tarring and Feathering was good. But it was definitely *motivating*.

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.

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/...

FTC and DOJ Seek Info on Serial Acquisitions, Roll-Up Strategies Across U.S. Economywww.ftc.gov 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 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

Capitalism is the cancer, private equity is the scientists recommending Chesterfield cigarettes.

Banfield pet hospitals are owned by the Mars corporation, which tbf I guess is slightly less toxic than being owned by private equity but still feels weird

i heard this before and what really irritated me a little extra about it is that one of my cats is named Marz(ipan) and she would never go corporate! shes a lil street kitty from a very rough inner city (like her mom 😇😹) and a sweetie and also wants to abolish capitalism or at least billionaires

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

humanepro.org/programs/pet... they're also very helpful in my experience and i've met lots of great, helpful animal lovers thru them who all help each other etc

Pets for Lifehumanepro.org Pets for Life (PFL) is driven by social justice and guided by the philosophy that a deep connection with pets transcends socio-economic, racial and geographic boundaries, and no one should be denied t...

Yeah, read another Restaurant Chain Files For Bankruptcy, Blames Minimum Wage Increases story the other day, and sure enough, four years ago they were purchased by a private equity firm.

We should be driving it into the sea

It’s insanity.

That is a brilliant analogy, thank you!

Taxes and regulations would take care of the problem. As a society, we are not ready to admit that we have a problem.

It’s also exactly how Goodfellas described running a business. 1. Take on debts you can’t repay 2. Loot everything you’ve borrowed 3. Burn it down

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