Canada

Can we PLEASE start outlawing private equity firms?

They too are a parasitic cancer on humanity. They add no value whatsoever, they see a business that adds great value to humanity and then they attach themselves like a leech to just squeeze them dry and killing it. The net result for humanity is hat services go down, prices go up, humanity becomes poorer with less access to services, and a tiny sliver of human scum gets obscenely rich

Why is this allowed?

I realized this by accident a few years ago; I was looking for a vet and after checking out several websites I noticed many of them were essentially the same, just with logos replaced. I then spoke to a vet about it and she confirmed they're all being snapped up by a conglomerate. Unfortunately our government is either incompetent or malicious when it comes to enforcing antitrust.

There is a private equity firm for every industry. Daycares, physios, dentists, everyone. They all make them "efficient" by cutting services and maximizing profits at the expense of the public, and there's seemingly no way to stop them.

I had to put down my cat during the pandemic, it cost $1,400

But I thought privatization is supposed to lower prices!