It does. The reasons you cited just makes it worse in medicine.
It does. The reasons you cited just makes it worse in medicine.
Who knew veterinarian clinics would be the next to fall to VC? And I am hearing that independent senior living is being raided by VC, perhaps cemeteries as well....
VCs invest with the hope the investee will grow quickly. PE firms do not have that hope. This distinction has a large effect on the strategies available to the investor. A PE firm for example will usually be averse to investing if they will not end up with managerial control over the investee, but a VC fund routinely makes such investments.
Similar things have been happening to mechanics as well.
It's the $50k/year in insurance, copays, etc. I don't love.
Not THAT well.
If and when I ever write my Highly Opinionated Guide To Comment Section Ettiquette, my #1 rule would be about Dennett's Principle of Charity, but #2 would probably relate to the thing you've identified here. Namely, to the extent possible, try not to resort one-off examples to represent systematic processes.
I also think that politicians should have to pre-declare by a day or more any financial trades.
Corporations are allowed to exist in a state beyond what an individual can, and as a balance should be very limited in execution and through the past century in particular are anything but. Their power is a grant of govt, and should also be limited. In the end, that's where I stand on it. I'm all for maximizing personal liberty, and even small business allowances. Major companies should be focused on stability with growth or divestment. Foreign owned companies should be more limited even. That just isn't the case today, and it's a shame.