Welcome to the podcast Organized Money. You can listen to today’s episode on Apple on Spotify, or wherever you get your podcasts.
What happens when Wall Street sinks its teeth into your smile? David and Matt talk with Dr. Jill Tanzi, dentist and founder of the Alliance of Independent Dentists, about the corporate takeover of dentistry. She pulls back the curtain on how corporate consolidation and giant insurers like Delta Dental are reshaping what happens in the chair, from pricing to patient care, and why it should matter to anyone with teeth. Jill shares what it’s like trying to keep an independent practice afloat and ways dentists and patients can push back. Check out dentistalliance.org to search for independent dentists in your area.
Listen via Apple or Spotify, or wherever you get your podcasts.
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Thank you so much for listening. If there’s a monopoly you’d like us to explore this year, or if you have anything else to tell us, please let us know by leaving a comment or by responding directly to this email.
What happens when Wall Street takes control over any small business of any sort, becomes obvious with application of the basic accounting equation:
Assets = (liabilities + owner equity.)
The credit side of the equation is the former, debit side the latter.
Strictly speaking, equity is not considered a marginal cost, but because it offsets assets, that is the net effect.
Framed more concisely; the business must provide the livelihood for those involved with operations. They are, in reality, the sole productive stakeholders.
The business owner is the primary stakeholder, also extracting a livelihood, whether ownership contributes to productivity or not.
When the number of unproductive stakeholders increases, the cost of doing business also increases.
There are meritorious arguments asserting that the debit balance represented by increased stakeholders, is offset by "economies of scale," but they apply only to individual businesses.
When conducting meta-analyses of ownership consolidation and concentration, monetary velocity at specific points of income distribution curves become a nontrivial factor.