Twenty cities and municipalities are suing private equity firms whom they allege have cornered the market in fire truck manufacturing, creating artificial scarcity and degrading the quality of emergency services.
tldr: three private equity holdings corps bought up almost all the firefighting equipment manufacturers and closed a lot of manufacturing to raise prices on equipment 2-5 times what it was before, at the expense of slow turnaround time for repairs, so much more expensive equipment is sitting for longer waiting for replacement / repair parts than being usable to fight fires, and this is bad.
Typical capitalist. Capture a necessity and charge as much as possible while providing as little as required. These people are just stealing from the community.
tldr: three private equity holdings corps bought up almost all the firefighting equipment manufacturers and closed a lot of manufacturing to raise prices on equipment 2-5 times what it was before, at the expense of slow turnaround time for repairs, so much more expensive equipment is sitting for longer waiting for replacement / repair parts than being usable to fight fires, and this is bad.
Typical capitalist. Capture a necessity and charge as much as possible while providing as little as required. These people are just stealing from the community.