07-20-2017, 08:53 PM
(07-19-2017, 08:52 PM)Warren Dew Wrote: Crowdfunding is exactly free market capitalism, at the finer grained level permitted by modern technology. People provide advance funding - capital - with a promised benefit if the project is funded. It would be difficult to imagine a more free market mechanism.
Crowdsourcing involves people who take advantage of free labor from the public to build something of value, which they often then exploit for money. It's actually amusing to see people critical of capitalism to embrace this arguably most exploitative aspect of the modern economy.
I don't know if crowdfunding is what either Warren or X_84 says it is or not, but I thank you Mr. X for mentioning it, because it means I got a question right on a repeat episode of Jeopardy today!