Encouraged by the University of California's widely-discussed decision to push back against Elsevier:https://www.chronicle.com/article/U-of-California-System/245798 …
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A critical issue seems how to design a system that rewards entities that more efficiently and effectively disseminate or communicate knowledge, when the economic benefits tend to arise many years later. A structural problem in capitalism: short-termism, so have to rely on govs.
Yeah, very much so. Though of course capitalism has found a lot of really interesting ways round that problem. Even interest rates are an example, not to mention venture capital, insurance, and lots of other tools all aimed squarely at that.
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In general, I wonder a lot at the possibility of creating new types of market that help address some of this problem.
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Such as quadratic voting as described in
@glenweyl 's Radical Markets for allocation of collective resources to many initiatives? - 1 more reply
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