Summary
Some things in life are about as predictable as death and taxes. One of these is that the UK’s FSA would oppose Crowdfunding if it so much as showed it’s nose over here in the UK. It’s an innovation and not part of the status-quo after all.
Description
A new, successful, kind of democratic capitalism. Platforms such as KickStarter.com provides a new way for people to come together and support projects.
Crowdfunding is a little like a lottery. The stakes are small and self selected. Though there’s significantly more risk of getting something out of it everyone understands that if they get a return then it’s best regarded as something of a bonus. Yet it has inestimably more power to benefit the economy at a time its badly need it. Way more than National Lottery.