121–130 of 299 posts
I don't understand how some ( to me ) obvious anticompetitive corps seem to go unnoticed, but in this case veterinary clinics are receiving scrutiny.
Probably because many of the things you consider monopolies aren't actually monopolies. Google is one such example on this board that is often accused of being a monopoly but in real terms is not.
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The inevitable march of capitalism: experts in every field are gradually relieved of their decision-making power by experts in finance, until finance guys control everything.
But you can have capitalism without financialization.
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This is how markets function - rising profits for vets will encourage more providers to enter the market. e: Sorry, sometimes forget what kind of science denialism is cool now. Climate denial out, economics denial in.
Nope. Barriers to entry in the market (securing capital for initial expenditures, rising rents, rising malpractice liabilities) will make providers take positions at the PE-owned practices. Monopolization works in both directions.
Increasing profits does not make start up costs worse.
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The inevitable march of capitalism: experts in every field are gradually relieved of their decision-making power by experts in finance, until finance guys control everything.
A veterinarian cannot open a practice without doing a bunch of licensing and spending hundreds of thousands of dollars in education. Meanwhile, the PA next to him has what it takes from years of training but she will never open a vet clinic of his/her own. Thats not capitalism.
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Clinics are facing severe labor shortages. It doesn't matter what the demand is, because they have a limited supply of veterinary care to give. My partner's clinic recently became corporate-owned because they simply could not hire new vets to be able to take new clients. Any days off any vet took had to be covered by one of the others on their "weekend" or the clinic would be forced to shut down. Like other forms of…
But why can’t local clinics get new vets? Because they can’t pay them enough, because they don’t price gouge?
To be fair to the companies, they do usually work to "maximize vet time" where they hire or outsource the other stuff the office does so the vet is spending most of their time vetting instead of paperwork and office work.
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This is how markets function - rising profits for vets will encourage more providers to enter the market. e: Sorry, sometimes forget what kind of science denialism is cool now. Climate denial out, economics denial in.
I'm sure that'll be a huge relief to all the people who no longer afford healthcare for their pets. Maybe they simply should have not been poor!
Artificial price caps set by legislation or "benevolent" collusion of owners will only lead to fewer pets being treated overall.
This is just basic microeconomics.
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Clinics are facing severe labor shortages. It doesn't matter what the demand is, because they have a limited supply of veterinary care to give. My partner's clinic recently became corporate-owned because they simply could not hire new vets to be able to take new clients. Any days off any vet took had to be covered by one of the others on their "weekend" or the clinic would be forced to shut down. Like other forms of…
But why can’t local clinics get new vets? Because they can’t pay them enough, because they don’t price gouge?
Of course, the "ideal" rarely happens, the point is, with every vet you add, issues of juggling staff, scheduling, and turnover skyrocket
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The inevitable march of capitalism: experts in every field are gradually relieved of their decision-making power by experts in finance, until finance guys control everything.
A veterinarian cannot open a practice without doing a bunch of licensing and spending hundreds of thousands of dollars in education. Meanwhile, the PA next to him has what it takes from years of training but she will never open a vet clinic of his/her own. Thats not capitalism.
Tech example, BigCo A gets first mover advantage, equally good BiggishCo B is a bit behind (for whatever reason), BigCo A leverages their position to prevent B from being able to compete long term - usually by acquisition, they work for us now.
Earlier quoted context omitted.
The inevitable march of capitalism: experts in every field are gradually relieved of their decision-making power by experts in finance, until finance guys control everything.
A veterinarian cannot open a practice without doing a bunch of licensing and spending hundreds of thousands of dollars in education. Meanwhile, the PA next to him has what it takes from years of training but she will never open a vet clinic of his/her own. Thats not capitalism.