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by FpUser
386 days ago
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Example here in Canada and Toronto in particular. There were plenty of independent pet clinics and they used to charge somewhat reasonable prices. Now nearly all of those were bought by big companies / investors. Prices went through the roof, competition is down, and the only thing they want to discuss with the customer is how to squeeze the most money disregarding of results. Yes I do want those assholes burned at the stake. Similar story happens in many other areas. People are being squeezed from their money on all fronts. North American IT persons are rare exception of an ordinary person who can still make the ends meet and still have some healthy chunk left to enjoy life. |
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This is just exhibit 8345346 that this type of "free market" doesn't result in lower prices for consumers, but this grift has been going on for a long time now. Free market now means private investors are free to take over entire markets and monopolize them and bribe/lobby the government regulatory agencies to look the other way at best, or enact regulations that act as moats to defend their position against competitors at worst.
The current state of Canada (stagnating wages, exploding CoL) is what's coming everywhere in the west. The US seems to be most resilient to this, probably due to its status as the world reserve currency and a larger, more competitive economy.