Financing the Common Good


Article by Mariana Mazzucato: “…The international monetary system which emerged in the aftermath of World War II undoubtedly represented an important innovation. But its structure is no longer fit for purpose. The challenges we face today—from climate change to public-health crises—are complex, interrelated and global in nature. Our financial institutions must reflect this reality.

Because the financial system echoes the logic of the entire economic system, this will require a more fundamental change: we must broaden the economic thinking that has long underpinned institutional mandates. To shape the markets of the future, maximising public value in the process, we must embrace an entirely new economics.

Most economic thinking today assigns the state and multilateral actors responsibility for removing barriers to economic activity, de-risking trade and finance and levelling the playing-field for business. As a result, governments and international lenders tinker around the edges of markets, rather than doing what is actually needed—deliberately shaping the economic and financial system to advance the common good…(More)”.

Air-Pollution Knowledge Is Power


Article by Chana R. Schoenberger: “What happens when people in countries where the government offers little pollution monitoring learn that the air quality is dangerous? A new study details how the US Embassy in Beijing began to monitor the Chinese capital’s air-pollution levels and tweet about them in 2008. The program later extended to other US embassies in cities around the world. The practice led to a measurable decline in air pollution in those cities, few of which had local pollution monitoring before, the researchers found.

The paper’s authors, Akshaya Jha, an assistant professor of economics and public policy at Carnegie Mellon University, and Andrea La Nauze, a lecturer at the School of Economics at the University of Queensland, used satellite data to compare pollution levels, measured annually. The researchers found that the level of air pollution went down after the local US embassy began tweeting pollution numbers from monitoring equipment that diplomatic personnel had installed.

The embassy program yielded a drop in fine-particulate concentration levels of 2 to 4 micrograms per square meter, leading to a decline in premature mortality worth $127 million for the median city in 2019. “Our findings point to the substantial benefits of improving the availability and salience of air-quality information in low- and middle-income countries,” Jha and La Nauze write.

News coverage of the US government’s Beijing pollution monitoring sparked the researchers’ interest, La Nauze says. At the time, American diplomats were quoted saying that the embassy’s tweets led to marked changes in pollution levels in Beijing. When the researchers learned that the US State Department had extended the program to embassies around the world, they thought there might be a way to evaluate the diplomats’ claims empirically.

A problem the researchers confronted was how to quantify the impact of measuring something that had never been measured before…(More)” – See also: US Embassy Air-Quality Tweets Led to Global Health Benefits

What Was the Fact?


Essay by Jon Askonas: “…Centuries ago, our society buried profound differences of conscience, ideas, and faith, and in their place erected facts, which did not seem to rise or fall on pesky political and philosophical questions. But the power of facts is now waning, not because we don’t have enough of them but because we have so many. What is replacing the old hegemony of facts is not a better and more authoritative form of knowledge but a digital deluge that leaves us once again drifting apart.

As the old divisions come back into force, our institutions are haplessly trying to neutralize them. This project is hopeless — and so we must find another way. Learning to live together in truth even when the fact has lost its power is perhaps the most serious moral challenge of the twenty-first century…

Our understanding of what it means to know something about the world has comprehensively changed multiple times in history. It is very hard to get one’s mind fully around this.

In flux are not only the categories of knowable things, but also the kinds of things worth knowing and the limits of what is knowable. What one civilization finds intensely interesting — the horoscope of one’s birth, one’s weight in kilograms — another might find bizarre and nonsensical. How natural our way of knowing the world feels to us, and how difficult it is to grasp another language of knowledge, is something that Jorge Luis Borges tried to convey in an essay where he describes the Celestial Emporium of Benevolent Knowledge, a fictional Chinese encyclopedia that divides animals into “(a) those that belong to the Emperor, (b) embalmed ones, (c) those that are trained, … (f) fabulous ones,” and the real-life Bibliographic Institute of Brussels, which created an internationally standardized decimal classification system that divided the universe into 1,000 categories, including 261: The Church; 263: The Sabbath; 267: Associations. Y. M. C. A., etc.; and 298: Mormonism…(More)”.

Has 21st century policy gone medieval?


Essay by Tim Harford: “Criminal justice has always been a source of knotty problems. How to punish the guilty while sparing the innocent? Trial by ordeal was a neat solution: delegate the decision to God. In the Middle Ages, a suspect who insisted on their innocence might be asked to carry a piece of burning iron for a few paces. If the suspect’s hand was unharmed, God had pronounced them innocent. If God is benevolent, omnipotent and highly interventionist, this idea works. Otherwise this judicial ordeal punishes innocent and guilty alike, inflicting harm without sorting good from bad.

Suella Braverman, the UK’s home secretary, and her “dream” of deporting asylum seekers to Rwanda, is an eerie 21st-century echo of a medieval idea. In a way, the comparison is unfair to the medieval courts. Judicial ordeals really were designed to solve a policy problem, while the government’s Rwanda rhetoric is designed to deflect attention from strikes, NHS waiting lists and a stagnating economy.

But in other ways the comparison is apt. Deporting migrants to Rwanda, or similar deliberate cruelties such as separating parents from their children at the US-Mexican border, might well be expected to deter some attempts to enter the country, while those fleeing murderous regimes would come regardless.

Many people, myself included, draw the line at “deliberate cruelties”. But public policy is full of ordeal-like interventions: long waits, arduous paperwork and deliberate stigma are all common policy tools. The economist Richard Zeckhauser of Harvard defines ordeals as “burdens placed on individuals which yield no benefits to others” and argues that such burdens can sometimes be an effective way of ensuring scarce benefits are targeted only to worthy recipients.

But do these ordeals really select the most deserving? Carolyn Heinrich, professor of public policy at Vanderbilt University, has studied South Africa’s Child Support Grant, with a series of bureaucratic ordeals requiring bewildering paperwork and long waits. The families who struggle with these ordeals are those who face longer journeys to the benefits office, or have a limited grasp of bureaucratese.

Heinrich found that because of these arbitrary distinctions, many families received less support than they were entitled to. Most interruptions to benefit payments were errors, and the children in the affected families would become adolescents who were more likely to engage in crime, alcohol abuse or risky sexual behaviour. The ordeal harmed the innocent, undermined the goals of the support grant and seems unlikely to have saved public funds.

Some ordeals are the result of incompetence, such as badly designed forms, or underfunded public services…(More)”.

The Global Coalition for SDG Syntheses


About: “The SDG Synthesis Coalition is an initiative spearheaded by UNDP and UNICEF bringing together 39 United Nations entities, bilateral and multilateral organizations, global evaluation networks, evidence synthesis collaborations, CSOs and the private sector to generate syntheses organized around the five Sustainable Development Goals (SDG) pillars (people, planet, prosperity, peace and partnership), to identify lessons for accelerating the achievement of development results based on global evaluative evidence…(More)”.

Gaming Public Opinion


Article by Albert Zhang , Tilla Hoja & Jasmine Latimore: “The Chinese Communist Party’s (CCP’s) embrace of large-scale online influence operations and spreading of disinformation on Western social-media platforms has escalated since the first major attribution from Silicon Valley companies in 2019. While Chinese public diplomacy may have shifted to a softer tone in 2023 after many years of wolf-warrior online rhetoric, the Chinese Government continues to conduct global covert cyber-enabled influence operations. Those operations are now more frequent, increasingly sophisticated and increasingly effective in supporting the CCP’s strategic goals. They focus on disrupting the domestic, foreign, security and defence policies of foreign countries, and most of all they target democracies.

Currently—in targeted democracies—most political leaders, policymakers, businesses, civil society groups and publics have little understanding of how the CCP currently engages in clandestine activities online in their countries, even though this activity is escalating and evolving quickly. The stakes are high for democracies, given the indispensability of the internet and their reliance on open online spaces, free from interference. Despite years of monitoring covert CCP cyber-enabled influence operations by social-media platforms, governments, and research institutes such as ASPI, definitive public attribution of the actors driving these activities is rare. Covert online operations, by design, are difficult to detect and attribute to state actors. 

Social-media platforms and governments struggle to devote adequate resources to identifying, preventing and deterring increasing levels of malicious activity, and sometimes they don’t want to name and shame the Chinese Government for political, economic and/or commercial reasons…(More)”.

What Makes People Act on Climate Change, according to Behavioral Science


Article by Andrea Thompson: “As the world hurtles toward a future with temperatures above the thresholds scientists say will lead to the worst climate disruptions, humanity needs to take all the actions it can—collectively and as individuals—to bring planet-warming emissions down as quickly as possible. Governments and companies need to do the lion’s share of the work, but ordinary people will also need to make changes in their everyday lives. A crucial question has been how best to spur people toward more climate-friendly behaviors, such as taking the bus instead of driving or reducing home energy use.

New research published in Proceedings of the National Academy of Sciences USA pooled the results of 430 individual studies that examined environment-related behaviors such as recycling or choosing a mode of transportation—and that looked into changing those behaviors through several interventions, including financial incentives and educational campaigns. The authors analyzed how six different types of interventions compared with one another in their ability to influence real-world behavior and at how five behaviors compared in terms of how easy they were to change.

As can be seen in the graphic below, financial incentives and social pressure worked better at changing behaviors than did education or feedback (for example, reports of one’s own electricity use). The results reinforced what environmental psychologists have found when looking at these interventions in isolation…(More)”.

Chart shows effect sizes of various intervention approaches for promoting sustainable behaviors, with education having the smallest effect and social comparison having the largest.
Credit: Amanda Montañez; Source: “Field Interventions for Climate Change Mitigation Behaviors: A Second-Order Meta-Analysis,” by Magnus Bergquist et al., in Proceedings of the National Academy of Sciences USA, Vol. 120, No. 13, Article No. e2214851120. Published online March 21, 2023

Data property, data governance and Common European Data Spaces


Paper by Thomas Margoni, Charlotte Ducuing and Luca Schirru: “The Data Act proposal of February 2022 constitutes a central element of a broader and ambitious initiative of the European Commission (EC) to regulate the data economy through the erection of a new general regulatory framework for data and digital markets. The resulting framework may be represented as a model of governance between a pure market-driven model and a fully regulated approach, thereby combining elements that traditionally belong to private law (e.g., property rights, contracts) and public law (e.g., regulatory authorities, limitation of contractual freedom). This article discusses the role of (intellectual) property rights as well as of other forms of rights allocation in data legislation with particular attention to the Data Act proposal. We argue that the proposed Data Act has the potential to play a key role in the way in which data, especially privately held data, may be accessed, used, and shared. Nevertheless, it is only by looking at the whole body of data (and data related) legislation that the broader plan for a data economy can be grasped in its entirety. Additionally, the Data Act proposal may also arguably reveal the elements for a transition from a property-based to a governance-based paradigm in the EU data strategy. Whereas elements of data governance abound, the stickiness of property rights and rhetoric seem however hard to overcome. The resulting regulatory framework, at least for now, is therefore an interesting but not always perfectly coordinated mix of both. Finally, this article suggests that the Data Act Proposal may have missed the chance to properly address the issue of data holders’ power and related information asymmetries, as well as the need for coordination mechanisms…(More)”.

Africa fell in love with crypto. Now, it’s complicated


Article by Martin K.N Siele: “Chiamaka, a former product manager at a Nigerian cryptocurrency startup, has sworn off digital currencies. The 22-year-old has weathered a layoff and lost savings worth 4,603,500 naira ($9,900) after the collapse of FTX in November 2022. She now works for a corporate finance company in Lagos, earning a salary that is 45% lower than her previous job.

“I used to be bullish on crypto because I believed it could liberate Africans financially,” Chiamaka, who asked to be identified by a pseudonym as she was concerned about breaching her contract with her current employer, told Rest of World. “Instead, it has managed to do the opposite so far … at least to me and a few of my friends.”

Chiamaka is among the tens of millions of Africans who bought into the cryptocurrency frenzy over the last few years. According to one estimate in mid-2022, around 53 million Africans owned crypto — 16.5% of the total global crypto users. Nigeria led with over 22 million users, ranking fourth globally. Blockchain startups and businesses on the continent raised $474 million in 2022, a 429% increase from the previous year, according to the African Blockchain Report. Young African creatives also became major proponents of non-fungible tokens (NFTs), taking inspiration from pop culture and the continent’s history. Several decentralized autonomous organizations (DAOs), touted as the next big thing, emerged across Africa…(More)”.

The Citizens’ Panel proposes 23 recommendations for fair and human-centric virtual worlds in the EU


European Commission: “From 21 to 23 April, the Commission hosted the closing session of the European Citizens’ Panel on Virtual Months in Brussels, which allowed citizens to make recommendations on values and actions to create attractive and fair European virtual worlds.

These recommendations will support the Commission’s work on virtual worlds and the future of the Internet.

After three weekends of deliberations, the panel, composed of around 150 citizens randomly chosen to represent the diversity of the European population, made 23 recommendations on citizens’ expectations for the future, principles and actions to ensure that virtual worlds in the EU are fair and citizen-friendly. These recommendations are structured around eight values and principles: freedom of choice, sustainability, human-centred, health, education, safety and security, transparency and integration.

This new generation of Citizens’ Panels is a key element of the Conference on the Future of Europe, which aims to encourage citizens’ participation in the European Commission’s policy-making process in certain key areas.

The Commission is currently preparing a new initiative on virtual worlds, which will outline Europe’s vision, in line with European digital rights and principles. The upcoming initiative will focus on how to address societal challenges, foster innovation for businesses and pave the way for a transition to Web 4.0.

In addition to this Citizens’ Panel, the Commission has launched a call for input to allow citizens and stakeholders to share their thoughts on the topic. Contributions can be made until 3 May…(More)”.