A call to arms ! Cities should invest in Civic Tech Accelerators & Marketplaces !

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Traditionally there is only one reason for the public sector to invest in projects, we call it market failure and basically means two things: (i) it is not happening, the market doesn’t provide it naturally and/or (ii) the benefits of doing it outweigh its costs, normally here we evaluate also social benefits and externalities. So far economics 101.

Cities dream on reproducing the wealth of apps that we enjoy in the private space in the social and civic sector. Wouldn’t be great if our city engages in a discussion the way we do in facebook or public services were as easy and efficient as Amazon is?

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