In this country, we believe in the value of work. The American ideal is that if you work hard and save then you should be able to pay your bills and take care of yourself and your family. In other words, you should not be poor.
Indeed, it has long been U.S. government policy to encourage home buying among young adults, especially by providing favorable tax subsidies for homebuyers in the form of the famous mortgage interest deduction.
We are entering a world partially beyond markets where we are learning how to live together in an increasingly interdependent global Collaborative Commons. Germany and other governments around the world will need to create the appropriate legal framework to allow the sharing economy to grow.
If Plouffe's move is a canary in a generational cage, it could be that the Millennials will be far harder for our conventional business and political structures to handle than anyone has fully realized.
If you take a look at the most successful companies that are purely derivative of the web (as opposed to old companies that have been jammed into the web), you get an interesting (and very valuable) list.
The sharing economy sector - where people with average holdings use their homes, cars, skills, and tools to make a living and pay their bills - passed a major milestone in 2014: it generated its first billionaires - the founders of room-sharing site Airbnb.
I'm pro-net neutrality, but anti-1934-style strangulation. Where does that leave me? According to the approaches under consideration, I may soon be a man without a country. Good thing the Internet, at least for now, doesn't require a passport.
Zipcar and Airbnb demonstrate the power of the sharing economy, which has taken off with the simple promise of liberating people from the hassles and costs of ownership and overpriced commercial services.
The other day the German minister of justice, Heiko Maas, was asked in an interview how often he is using Google to crawl the Internet. His answer: "Everyday and in an exorbitant manner. Therefore, unfortunately, I am part of the problem."