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Freakonomics Radio

531. Should You Trust Private Equity to Take Care of Your Dog?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.532.9K Ratings

🗓️ 19 January 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

Big investors are buying up local veterinary practices (and pretty much everything else). What does this mean for scruffy little Max* — and for the U.S. economy? (Part 1 of 2.) *The most popular dog name in the U.S. in 2022.

Transcript

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0:00.0

Rose Peters is a veterinarian whose specialty is animal neurology.

0:07.9

I saw alligators and tigers and anators and birds of all kinds.

0:13.8

What did you need to do with an alligator?

0:16.4

Have you ever performed brain surgery on an alligator?

0:19.0

I've not on an alligator.

0:21.1

I bet their brains are very small and hard to get to.

0:26.2

The alligator that I had was, gosh, I think a 12-foot huge alligator that had some general

0:33.9

weakness.

0:34.9

And so they were trying to decide if it had a nerve or a muscle disease.

0:39.6

I think we decided as nerves and muscles were okay.

0:42.4

You're just lazy, you think?

0:45.0

Or just feeling unwell for some other reason, I think, more likely.

0:49.0

Large reptiles especially when they physically don't feel well, can look and feel very weak

0:55.8

and blah and lethargic.

0:58.0

But he wasn't so weak and lethargic that they didn't still have them strapped from head

1:02.8

to toe to a big table and everybody stayed about 10 feet away just in case.

1:09.8

Odds are that you don't have a pet alligator but a pet dog or a cat or guinea pig?

1:15.8

Probably.

1:16.8

Even before the pandemic, pet ownership had been rising fast in the US and now sits at

1:22.0

a record high, 70% of households have at least one pet.

1:27.1

Also at a record high is the share of household income we spend on pets in 2021 that added up

1:33.1

to $123 billion.

...

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