1) There aren't many free typefaces for daily use that are beautiful, so you have to buy (or commission) several and "open source" them.
2) Techniques for AA font rendering that maximize aesthetics and readability are protected by numerous software patents. Years ago there was a short-lived patch in Xorg that had a modern font-AA algorithm that held its own against the competition, but it turned out to step on several patents so it was axed out of fear of litigation. That fear is very real, as typography-related tech patents are one of the most aggressively guarded elements of tech-IP.
As a result, the Linux developers have been forced to re-invent the wheel from the ground up when it comes to typography in Linux distributions.