Makes bad jokes, doesn’t reply to actual content or even check out the book I recommended, assumes content from book title. Calls me a coward for making bad jokes.
Ok, so which multiple award-winning, widely respected PhD of Economics would you suggest instead? Or you just against things instead of having any positions of your own, like most other deep-end socialists are?
Perhaps things are different where you live, but where I live, there’s always a significant additional bureaucratic cost when selling a house and buying another one. Because of that, renting has at least a single clear benefit beyond just being able to afford it: greater flexibility. Also, the financial risk is almost zero when you rent.
So 30% of people can’t afford their own house and that doesn’t seem like inequality to you?
Income inequality is a completely different thing from home ownership. Also, some of those 30% choose to not own a house. Also further, the average home ownership rate in EU is almost exactly the same as in the US, but our local purchasing power tends to be quite a lot worse.
What were you promised? Like, owning a home? Home ownership rates in the US have been in the 63-70% range during all of 1966-2023, almost completely stable. Local purchasing power is #5 in the world for americans. What exactly is the problem over there?
We in Europe are having it much worse if you look at the data, especially now when Russia is being fucking Russia.
Generally speaking: not these days, and not for a long long time. Mauro, for instance, worked for Red Hat at the time. It’s of course possible to be unpaid and work for Linux, but I believe it’s much more likely that one is employed by a big tech corpo and they maintain the kernel as part of their work.