Voter-Funded Media: Governance Reform for Democracies and Corporations

33 Pages Posted: 15 Apr 2007

Date Written: April 13, 2007

Abstract

Media reform can help solve the voters' free-rider problem in democracies and corporations. Uninformed voters cannot hold elected leaders accountable. Letting voters allocate collective funds to competing media organizations would avoid the misaligned incentives that limit political effectiveness of existing private- and public-sector media. Integrating related research in corporate governance, campaign finance and media reform, this article argues for funding allocated by consensus vote, rather than by the voucher method more often proposed. Voter funding of media has recently been implemented for the first time, in a university student council election. It is designed to spread to larger democracies and corporations, to improve their policies and social impacts.

Keywords: Democracy, media reform, campaign finance reform, corporate governance, free-rider problem

JEL Classification: D72, G34, H4, K22, L96

Suggested Citation

Latham, Mark, Voter-Funded Media: Governance Reform for Democracies and Corporations (April 13, 2007). Available at SSRN: https://ssrn.com/abstract=980292 or http://dx.doi.org/10.2139/ssrn.980292

Mark Latham (Contact Author)

Votermedia.org ( email )

Vancouver, British Columbia
Canada
(604) 608-9779 (Phone)

HOME PAGE: http://votermedia.org

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