Thanks, Charlie. I appreciate it when people actually read the links. Your comments are very cogent.

I am particularly interested by your formulation, “ the FJG will deal with the problems many non-profits already target. And it will do so without the massive value-extraction inherent in the non-profit industry.” What is it that you mean by “value extraction” in the non-profit industry? Is that a mistake? Did you mean “for profit” industry?

It seems to me that a common criticism of a JG is that it would divert workers from “productive”uses like flipping burgers at the local fast food outlet to “less productive” uses like community theaters or rooftop organic gardening. But you somehow seem to be standing that on its head, and saying that if you divert resources from existing nonprofits to JG projects, that improves — improves what? Less “value extraction”? More “value creation”?

Please elaborate.

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Economist, Senior Fellow at Niskanen Center, Yale Ph.D. Interests include environment, health care policy, social safety net, economic freedom.

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