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Gabrielle Disario's avatar

Private equity firms are the single most dangerous organizations in the country. They are buying up every type of single owner services available for sale and doing exactly what happened here. These small businesses are the backbone of our economy and provide decent livings for their owners and employees. Plumbers, electricians, physical therapists, vets. Small hotels. Pretty soon no competition and the communities lose. If this continues there will be no place for small entrepreneurs in our economy. Everyone will be an employee of some rapacious, stingy corporation, and will be living from inadequate paycheck to inadequate paycheck.

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Joseph McIntyre's avatar

This is a sad and important warning. While the focus of the article is on corporate ownership, underneath it is the story of what happens to an economy that concentrated all its wealth in the top 1%. We have been captured by the illusion of trickle down economics and are now being tied down by the whims and impulses of mega billionaires. Frequently we think of these folks as the tech elite—Musk, Bezons, Zuckerberg—but it goes far beyond that. It is the nameless corporation US Storage that bought out Sebastopol’s Southpoint storage, it is the reckless consolidation of the drug store industry, it is the handful of companies that decided what most of us eat. Thank you for the advice Dr. Henriksen. It applies to vets and so many others.

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