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Showing posts from February, 2016

Can We Cure Economic Inequality with Crowdsourcing?

Economic and social inequality should be treated as design challenges that, like designs in architecture or packaging can be solved by applying some creative thinking. Is the United States' version of capitalism treating average people fairly? Many people would say it isn't. Those people might cite poverty stats or examples of huge CEO compensation packages. There is a huge gap there, for sure, but the gap is justified based on how important those CEOs are to their companies. That would be the logical counter argument. Could we get better results, or similar results, by eliminating the CEOs and having employees make decisions collectively. Crowdsourcing as an Economic Tool Most people have an idea of what crowdsourcing is and how it works - you let a group work on your problem or challenge and see what they produce. Can they produce a better answer (whatever that means) than an expert or a small  group of experts? You can't answer that question until you have som...