tag:blogger.com,1999:blog-3614581.post5487077253912040614..comments2024-03-28T03:11:22.839-07:00Comments on PHILANTHROPY 2173: Peter Diamandis on Prize EconomyLucy Bernholzhttp://www.blogger.com/profile/09253941214286179394noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3614581.post-12145842639597938262007-09-06T12:52:00.000-07:002007-09-06T12:52:00.000-07:00What if there were a "long tail" approach to prize...What if there were a "long tail" approach to prize awards? Set up a market where people can donate money toward prizes – small contributions will aggregate quickly given a compelling enough challenge. If you think there ought to be a lasting yet humane solution to homelessness in your local community, contribute toward a prize set up for that purpose. Or if you think there ought to be a better solution for addressing campaign finance reform, contribute toward that (and not the crooked candidates!). There would need to be some mechanism for determining what issues are ripe for prize development (and some management structure for administering this) but this could be a way of having people "vote" on what problems are most in need of solutions. Hey, if people are sending unsolicited gifts to the Gates Foundation (forty-five donations totaling $108,000 according to a recent AP story), there is clearly a demand for ways to contribute toward hard-to-solve societal problems --- without having to figure out the whos, hows and what ifs...Unknownhttps://www.blogger.com/profile/12218607482466694448noreply@blogger.com