Or alternatively is PE identifying and enshittifying businesses that have (1) lots of dedicated customers who are path-dependent and unlikely to switch (e.g., older folks), and (2) perform essential services that have low (short term) elasticity, like emergency veterinarians. This seems like the smart move if you want to extract profit from society without providing much value in return.

There was an opinion piece posted here by Matt Stoller about "economic termites" and this is the pattern I recognize: where corporate involvement makes everything more expensive, while workers' salaries go sideways. https://www.thebignewsletter.com/p/economic-termites-are-eve...