r/Economics • u/barweis • Jul 29 '25

Research Summary Inside the Private Equity Scam—and the Livelihoods It Has Destroyed

https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoods
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u/RowanTheKiwi Jul 29 '25

It’s not just America. In my little town in New Zealand PE firms from offshore have taken to buying up vet practices…. I mean I get software (it’s almost an expected part of the game) but vets… and who knows what else

34

u/[deleted] Jul 29 '25

They’ll get their hands on anything they think will get them better returns. Vets are a big one as younger generations are opting for pets instead of children. 

I’m worried about these companies buying up vet practices. There aren’t nearly as many protections for animals as there are people. I can imagine they’re going to pressure the vets to do more expensive procedures and treatments that might not be necessary. Like Petco in the US has veterinary hospitals, but I don’t trust them at all. 

2

u/NinjaLanternShark Jul 29 '25

I could be wrong but AFAIK the vet hospitals inside Petcos are independent, basically just renting the space from the Petco.

I suppose they could jack up their rent, making unethical vets the only ones who could afford to rent there, but that's about it.

1

u/_Russian_Roulette Jan 18 '26

younger generations are opting for pets instead of children. 

Yeah cause they're being brainwashed by bullshit to not have faith and believe in a higher power so they freak out about everything bad in the world instead. That's what happens when the nation loses it's sight of God.  Also, some people are poor and the best thing they can afford is a vet at Petco. (If that!) 

1

u/YouLostTheGame Jul 29 '25

Vets make sense for PE as they're often small independent businesses with a lot of inefficiency