Those who have donated to Veronica Mars have given over $5 million to Time Warner (Warner Bros’ parent company), a multinational corporation, for an unknown commodity. Those who have donated money to Zach Braff have given millions to a millionaire for another unknown commodity. Collectively, fans have said that it’s OK for rich people to eliminate the factor of risk when they make films. The past five years, with its bitter recessions and global financial crises, has effectively removed the make-up from late capitalism’s ugly, bitter face, but these two Kickstarters are a sign that capitalism is eating itself, bit by bit, starting with the entertainment industry.

Stop Giving Your Money to Rich People on Kickstarter

Woa.  The hate is strong in this one.

But Kickstarter backers aren’t investors, and they aren’t looking for the project that will give them the greatest return on their money. Kickstarter does not function as a store (as its Web site goes to great pains to remind you), any more than PBS is “selling” you a tote bag in exchange for your donation. Kickstarter as a phenomenon is made much more comprehensible once you realize that it’s not following the logic of the free market; it’s following the logic of the gift.

Why Would You Ever Give Money Through Kickstarter? - NYTimes.com

So true. The marketplace doesn’t understand the phenomenon because Kickstarter isn’t playing by the marketplace economics and incentives.

8east4west

8east4west:

at first

i remember standing in my kitchen talking to my roommate, earl scioneaux, about this idea i just had for a website. it was late 2001 or early 2002, and i had been frustrated by my experience trying to put together a concert. the show never happened, but the idea for kickstarter was…

Bravo.