Yes. We would like to implement what we call the “pay for success” model, which was actually reinvented, called “retroactive public goods funding,” but it’s actually the same plan. So “pay for success” or “social impact bond” — many different names — is this basic idea that the government, instead of giving out a contract or subsidy, gives out a promise. An independent board assesses whether a project has delivered some return on investment in the social sense or in the environmental sense, and by the end of that evaluation period, the government is committed to pay out in a form of awards to the work that’s already done. The idea here is that then people can securitize this, right? They can take this governmental promise, and then start early-stage funding or whatever funding to pay for the actual investment they need to do in order to achieve that common good.

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