
Instead, we should implement new mechanisms for funding public goods like news such as quadratic finance. Quadratic finance is a non-market mechanism that enables a decentralized ecosystem of self-organizing public goods producers such as newsrooms. It overcomes the collective action problem of donation-based models by considering the number of people contributing as well as the amount of money contributed. Newsrooms with a large base of popular support receive greater funding
Popular, here, isn’t meant in an ad and attention grabbing sense.
With quadratic funding, people make voluntary contributions to newsrooms they like. The government matches these contributions using a neutral formula that results in newsrooms that receive small contributions from many people receiving a greater level of funding than those supported by small number of wealthy people. The fear mongering and bias can be avoided by allowing citizens to make negative contributions
@canada