chasingthewind
2 days ago
I had to work with a funeral home this year and what I found was that private equity has taken over the funeral industry. Don’t assume that a funeral home that seems local actually is.
GaryBluto
2 days ago
I have a friend whose family owned a funeral home, but due to unfortunate circumstances were forced to sell it. Now it belongs to an investment company who threw out any sense of respect and slathered it in gaudy baby-blue paint and a sans-serif logo, still keeping the old family name of course. I grimace every time I drive by.
user
2 days ago
walrus01
2 days ago
PE has also done this with locally branded veterinarians.
helsinkiandrew
a day ago
And plumbers, pest control, heating, HVAC, ....
https://www.bloomberg.com/news/articles/2026-03-16/private-e... (https://wallhop.io/https://www.bloomberg.com/news/articles/2...)
walrus01
a day ago
And where it isn't PE actually buying up local plumbing, heating, HVAC companies, it's "CRM lead generators" using automation tools to build plausible looking websites/phone number presences that look like a real company, fooling people who are searching for plumbing services in $city into calling them, then funnelling the lead to some local company in exchange for a percentage. Worst offender in this category is probably locksmiths.
TheJoeMan
a day ago
Yelp has made a resurgence in my opinion. So far I have found a good garage door guy and painter guy. Everything negotiated via texting (phone call first). Make sure when they show up they don’t have an iPad.
deaux
a day ago
And everything else. Centralization, monopolization, more and more without an end to it. An inevitable outcome of capitalism.
vanviegen
a day ago
> An inevitable outcome of capitalism.
Not many things are actually inevitable. We could provide smaller companies some regulatory/tax advantages compared to larger ones, making them more competitive. If that's what society values, it can easily be done.
isolay
a day ago
Theoretically possible regulation doesn’t make it less inevitable. Only actual regulation that is also being enforced would.
Tanjreeve
a day ago
That seems like it goes without saying that yes the rules would need to change for results to change. Its just not a hard law or even some sort of natural state of humans.
deaux
11 hours ago
The winning companies inevitably use their assets to exert undue influence on the policymakers, bending the regulations to their will.
globular-toast
a day ago
Yes, you're both right. An important role of government is to use regulation to prevent the inevitable.
Long ago it was understood that monopolies are bad for us, but it looks like we're destined to learn these lessons again the hard way. I don't think it was ever imagined the people would vote monopolists into the position of regulator.
Frieren
a day ago
> An inevitable outcome of capitalism
That is why there were laws against monopolies. But some far-right activists proposed the idea of "if it is a monopoly is because is so good that people wants it". And they run with it. It makes no sense as all these monopolies are created by buying competitors not by being better. But as it helps the new aristocracy to accumulate power many sellouts are in favor of it.
This is exactly what made the feudal system so unhealthy and hostile towards innovation. Wealth concentration means power concentration that makes a few people so powerful that new and different ideas are violently attack from positions of power. Kings do not want better farming or better fabrics if it means that they lose the control over it. Kings value control over anything else, and we are entering a new era of kings, concentrated wealth and stagnation. We can change that, break all monopolies, redistribute power and let a dynamic healthy diverse economy rise again and bring its fruits to society.