Socio-Political Crowdfunding as the Latest Philosophy of Cooperation and Solidarity

Abstract

Socio-political crowdfunding as a technology of social investment and co-financing is studied. High efficiency of realization of public interest through crowdfunding is proved. The authors explain the emergence of socio-political crowdfunding by the transition from hierarchical to network structures in management. Emphasis is placed on the equality of participants in the socio-political crowdfunding network, the voluntary interactions, the need for trust, self-determination of each participant in the amount of contribution to the common cause. The set of characteristics of socio-political crowdfunding is considered by the authors on the examples of cases of electoral and anti-corruption crowdfunding. Prerequisites for the formation of a stable tradition to co-finance the socially significant projects involve a high level of social capital in society, democratic political and legal culture, presence of public trust and others. Socio-political crowdfunding is positioned as a new philosophy of cooperation and solidarity.

Keywords

• co-financing
• socio-political crowdfunding
• public policy
• public networks