
Tip of the Hat to John Robb

JOURNAL: HR 2930 and Open Source Funding
Open source funding is coming. About time.
In a big departure from previous behavior, a very cool new bill just passed the US House of Representatives. It's called H.R. 2930: The Entrepreneur Access to Capital Act.
Basically, the bill eliminates most of the legal barriers (restriction on the number of investors, the type of investors, etc.) to raising small amounts (
Of course, this new capability (if it passes) is going to be abused (bucket shops across the country are gearing up in anticipation). However, most of that will be sorted out in time.
Phi Beta Iota: Disintermediation is proceeding apace. The big challenge right now is that it is still turgidly centered on the one billion rich with one trillion a year in income — until OpenBTS and free cell phone service / free access to the Internet reach the five billion poor with their four trillion a year in income, the current economic malaise will persist.
See Also:

1. Decline of the United States
2. Cyber Threats
3. Fiscal Sustainability
4. Transnational Organized Crime
5. Environmental Degradation and Resource Scarcity
6. Energy Crisis
7. Global Pandemic
Phi Beta Iota: The two world-class references that remain the global standard are A More Secure World: Our Shared Responsibility–Report of the Secretary-General's High-level Panel on Threats, Challenges and Change and High Noon 20 Global Problems, 20 Years to Solve Them. What the article does not address is the abject failure of all governments to be ethical and intelligent, something we have focused on in our letter to The Most Holy Father and our letter to the President of the United States.

How can you help your community build a resilient energy system? One of the first steps is to buy back the energy system from the regional power company by condemning it and then municipalizing it (it can be run as a power co-op or as a standard company … The structure really depends on the community.). This moves provides you with the control of the local grid so that your community can:
All of the benefits listed above will double or treble in importance as the global economy nose dives into depression over the next couple of years. So, it's better to get started early than later.
Here's a few links from the Boulder Colorado effort to condemn and municipalize it's power. A combo of bad service and a low level of renewables use prompted the effort (use whatever hooks you need to get it done, but get it done):
NOTE: Great article in the NYTimes today on how the big regional companies are so focused on acquisitions, regulatory gaming, and extractative finance; they are delivering terrible service.
NOTE: Great pushback in the comments on how tough it is to do this. Basically, crony capitalism (revolving door, bribes, etc.) + regulatory capture (same mindset) + gov't granted monopoly = lots of opposition.

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