Technology projects initiated by policymakers can succeed dramatically. If this was one of them, effects will be wide and immediate.
Too big to flail
Convinced a government-led, tech-based, program must end in disaster? You ignore projects like the UK’s National Lottery.
A Conservative legislature passed the 1993 National Lottery Act. Eight consortia bid for an initial 7-year concession. Camelot, who won, then implemented in record time. A billion £1 tickets were purchased within 18 months. For its first double rollover, 96% of UK adults played.
Britain’s privately funded, state sanctioned, lottery suddenly – but sustainably – increased gambling in low-income communities. POEMs (Public Official E-Markets) aims for a comparable explosion of purposeful economic activity.
“People’s Capitalism” was promoted by US President Eisenhower, contrasting the vibrant, participatory, economy he believed he had shaped with its centrally-controlled Soviet alternative. Today, any economy aiming to maximize resources and talents from citizens requires upgraded plumbing for capitalism. The impact? We offer 5 key outputs in 5 aspects of today’s economies:
→ Greening the Micro-economy: Localized, circular, responsive, incentivizing experimentation.
→ Lifting the Left-behinds: Impartial ladders, safety nets, personalized interventions.
→ Crisis Response: Early interventions, mobilizing of resources, local controls.
→ Precision Government: Uniquely adaptable and accountable, hyper-local controls.
→ Regional Competitiveness: Stability, alignment; a lure for inward investors.