Affordable public housing is a pillar of the German welfare state, and the prospect of vast pieces of it falling into the hands of pinstriped financiers from New York or London has unsettled many people here. In Dresden, 45,000 of them signed a petition opposing the sale.
"When a new owner is profit-oriented, it brings changes," said Peter Bartels, the chairman of the Dresden renters' association. "We're not sure yet what kinds of changes. But we know there will be changes." NYT
3 Comments
A fascinating case of the collapse of welfare in favor of capital.
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