Crowdsourcing

April 6, 2008

Some of the deepest foundations of my ideal political framework are based on the concept that incentives are far more effective than legislation or subsidies. I was a huge fan of the X-prize, and some of the recent crowdsourcing methods recently employed by DARPA. Never has the saying, “If you’re not a part of the solution, there’s good money to be made In prolonging the problem” been more relevant than it is with today’s medical research and oil companies. If even a fraction of the money we spend on medication and gasoline were to go into prizes to be awarded to those who meet benchmarks for disease eradication and clean energy, the prize would be too enormous to ignore in very short order.