David Baines: Mad money finds a new outlet

The Crowd

The “crowd-funding” phenomenon is gathering momentum these days. While many welcome this development, I do not.

Wikipedia describes crowd-funding as “the collective effort of individuals who network and pool their resources, usually via the Internet, to support efforts initiated by other people or organizations.”

Crowd-funding is used to support a wide variety of activities, including disaster relief, citizen journalism, support of artists by fans, political campaigns and free software development.

Read More at Vancouver Sun

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