Greg Beato on Crowdfunding Democracy


public domain

Traditionally, the wealthiest members of society have had little trouble leveraging their resources. Those resources are highly concentrated and thus easy to strategically deploy when necessary. For the 99 percent, government provided a way to accomplish this too. Everyone pays taxes, and as a result, we get streetlights and Yellowstone National Park. But taxation is pretty crude. Greg Beato posits that crowdfunding, in contrast, privileges hands-on, voluntary democracy.