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Over the years, there have been numerous efforts to advance the second of these approaches — experimental projects, government initiatives — but they have been hard to execute on a large scale.
Parliament's ancient, most authoritative deputy, the tiny Paul Reynaud, of the Idependeants, unexpectedly said of de Gaulle's projects, "Government by President works badly in the United States and would work much worse in France".
Three and a half million people of 184 nationalities live and work here, making their way to and from their homes and jobs through great agglomerations of new housing projects, government buildings and corporate towers.
Over the years, there have been numerous efforts to advance the second of these approaches experimental projects, government initiatives —but they have been hard to execute on a large scale.
Apart from the direct funding of these projects, government grants may serve as a signal for good investments for private investors.
In a setup where the subsidy can only be used to distinguish between basic and applied research projects, government agency's signal is not very helpful for banks.
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To ensure that oil and gas revenue is not wasted on immediate consumption or white-elephant projects, governments must plan carefully.
No matter how many billions of dollars Obama puts into new projects, government-sponsored projects won't heal the U.S.or global economies.
It further proposes that such crowdfunding may come in four formats: government-initiated, private funded projects; government-initiated, public-and-private funded projects (i.e. private funds with matching public funds); private-initiated, and private-funded projects; private-initiated and public-and-private funded projects.
When projects reach a specific amount of accumulated funds representing the citizens' interest in those projects, governments may decide to support those projects by providing matching funds that enable those projects to reach their goals.
To execute such projects, governments will be facing two scenarios: governments already have the necessary funding to finance these projects, or they are not able to fund them due to a lack of funds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com