Crowdfunding and capabilities

My recent project to investigate the implications of using a crowdfunding model to promote more dignified workplace relations managed to raise pledges to the tune of almost £400, highlighting a very simple beneficial feature of crowdfunding – the potential to develop support for an idea through co-operation with like-minded others. Though this fell short of the target financial figure, this exercise has been both promising in terms of the future of the project (for which I will re-scale the initial stage and return to supporters about whether they would still be willing to contribute in combination with seeking other funding support), and in terms of my own capability development.

Westermann-Behaylo, Buren and Berman (2016) write about the possibility of capability enhancing practices to promote win-win outcomes between diverse stakeholders, and the potential for contributions to human dignity by pursuit of reciprocity rather than stakeholder tradeoffs.  Capabilities are a foundational concept in the work of Amartya Sen and are understood in conjunction with functionings. Functionings describe a wide range of activities, including the basics of healthy living, having a good job, or even the feeling of self-respect. While Sen defines development as the enhancement of functionings, capabilities are the opportunity to achieve functionings. In existing studies of poverty-stricken economies or regions, some activities such as the support of micro-finance are already acknowledged as contributing to enhanced capabilities. If these capabilities can support improved functionings then there is a strong case for their contribution to human dignity. However, where areas struggle to acquire investment, these practices are a more obvious response to poverty alleviation than we might expect in economies where credit is easier to come by. Yet crowdfunding is not only about the raising of money, but also about establishing networks and communication practices. Consequently, I will still be looking for a further opportunity to test this theory with examination of the real experience of crowdfunders…. watch this space!