Unaffordable housing turns entrepreneurship into a rare privilege.

Whether you think that’s a good thing or not depends on whether you _actually_ believe in meritocracy or not. I’ve found most people don’t believe in it as much as they say they do.

Which kind of meritocracy - the original definition that points out that “merit” is a function of wealth and social advantage, or today’s sanitized version that attributes merit to achievement while ignoring all the advantages that lead to ahievement? https://en.wikipedia.org/wiki/The_Rise_of_the_Meritocracy