Crowdfunding and Civic Society in Europe: A Profitable Partnership?
Open Citizenship, Vol. 4, No. 1 (2013), pp. 68-73
6 Pages Posted: 30 Sep 2013
Date Written: May 20, 2013
This paper expands on recent debates over the merits of online crowdfunding platforms (CFPs) by looking at the extent to which these sorts of funding sites have the potential to contribute to the development of civic society ideals in Europe. In particular, it looks at how online CFPs and other peer-to-peer lending sites are beginning to alter the way in which charities and non-governmental organizations finance their activities. In addition, it also discusses how these sorts of investment platforms have the capacity to affect the way in which individual actors engage with one another at both the local and transnational level. Overall, then, what this paper shows is that, aside from their evident financial and economic benefits, CFPs also have the capacity to help foster and strengthen non-parliamentary democratic structures and practices. As such, they should be supported and encouraged as part of a framework of further European democratization and civic integration.
Keywords: crowdfunding, civic society, EU, charity, third sector, civil society, Europe
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