• simulacra_procession@lemmy.today
    link
    fedilink
    English
    arrow-up
    23
    ·
    2 days ago

    I heard somewhere private equity firms are coming for our pets already, buying up tons of local and regional pet hospitals, dog and pet food suppliers, etc. Basically they know kids are increasingly unaffordable and so they need to capitalize on the fact more millennials are staying childless and treating their pet as their child.

    • hexonxonx@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      7
      ·
      2 days ago

      That happened a decade ago. You can’t find many pet supplies anywhere anymore because one company owns the distributors and the stores – and they don’t give a shit because they’re American and Canada is too small of a market to support, so it’s left to wither and die.

      The same with Veterinary services. They’ve all be bought up, made into chains, or signed bullshit distribution or service agreements by a single (American) company and now it costs many multiples what it used to for no reason except greed.