Australia

Tldr: Its all a bit farked, work needs doing lets all pitch in.

I would like to point out that public housing will pay for itself in economic benefits.

I think you're right, but only in time. Problem is it'd be a huge upfront and ongoing cost until a future payoff. And this assumes all of the dividends from a public housing commission can be counted. Intangible benefits are hard to count..

A problem with the old economic system, is the benefits of these things couldn't be quantified. The neoliberal economic swing came and convinced self-regarding people, which we all are, of the tangible benefits of the new system.

That Friedman-esque system is now the old system. It greatly enriched two to three generations, and created a system of non-productive highly valuable assets that can be borrowed against. This in itself isn't too bad, if thats all it did.

Now wages are continually capped, for many reasons all leading to inflation. I'm not sure whether i find that a legitimate worry anymore. When inflation is more acceptable to occur everywhere else in the economy but wages, that tells me the reserve bank doesn't have the tools it needs to do the job its given.

Maybe a limited ability for the RBA to vary broad based taxes is a better system than interest rates. If you want radical that would be radical.

Taxing vacant residential properties might be cathartic, but doesn't fix any of the driving issues. The Airbnb taxes are probably needed for certain hotspots, but again its not really a radical thing to do. Both suggestions chop around the sides of the housing issue in the country.

The inequality is real, the generational divide is great, and if allowed to continue will pull the classes of our so called classless society further apart.

In this environment the young have no choice but to get radical. What has happened to wages in comparisson to everything else over the last ~40 years should be considered theft. From the wage workers and wealth creators, to the rentier class.

Personal liberties are hard, because we all have less than we assume. The State often doesn't know or care what we do, and doesn't assert its sweeping powers very often and thats a good thing. Codifying rights could lead to more problems, and costs than exlecting people to act like adults.

Libertarians are generally among the most foolish people i've ever known, one persons rights is anothers responsibilities, libertarians want all the rights without the responsibilities of looking after everykne elses rights.

Capitalism needs a change, and thats going to mean active governance (not necessarily more expensive), and probably more radical populist government policies.

The authoritarian populists would be a mistake, they will only favour their base 'fixing' the economy like a wrestling match, instead of fixing it like a repair.

But again is the general population willing for this? I don't think so yet.

Best thing young people can do is join and become an active member in a local political branch. Help set party direction. Demand change through the structures that are already in place ossifying because we've been directed to fend only our own wolves at the door that we've forgotten, humans are pack animals to.

Where the hell did i stop talking about housing?..... my bad.