This made me think of Public Goods Markets such as quadratic funding. These mechanisms provide advantages that neither billionaire philanthropy nor the traditional approach to government spending provide, since the distribution of money is decided according to the daily judgements of individuals, rather than by beauraucrats and political considerations as in governmental spending, but is more responsive to the multitude than traditional philanthropy.
[1] Note: I do not endorse the anti-muskism contained in the article (To be clear, I am roughly aligned with their take re: OpenAI)
There was a recent article on Vox’s Future Perfect [1] about the advantages and drawbacks of billionaire philanthropy.
This made me think of Public Goods Markets such as quadratic funding. These mechanisms provide advantages that neither billionaire philanthropy nor the traditional approach to government spending provide, since the distribution of money is decided according to the daily judgements of individuals, rather than by beauraucrats and political considerations as in governmental spending, but is more responsive to the multitude than traditional philanthropy.
[1] Note: I do not endorse the anti-muskism contained in the article (To be clear, I am roughly aligned with their take re: OpenAI)