In theory, quadratic funding could be an effective way to support journalism by encouraging a diverse range of people to contribute to creating news and sharing information.
Regardless of their financial resources, a broad spectrum of people can be encouraged to contribute to journalism through quadratic funding. By increasing the diversity of viewpoints and voices in journalism, the quality and usefulness of the information can be improved.
Quadratic financing can encourage journalists to create high-quality content by paying for efforts that garner community support. This incentivizes the production of journalism of the highest caliber. Accuracy, depth and investigative reporting can be encouraged, resulting in better informed, involved citizens.
Large donors who might have predetermined goals or prejudices that could skew journalism’s messages and content can be less influential because of quadratic funding. Quadratic funding can ensure that the allocation is more representative of the community’s views and interests by depending on a wide base of modest donations.
Quadratic fundraising platforms can encourage transparency by making it obvious how donations are distributed and enabling users to follow the development of funded projects. This can boost public confidence in journalism and foster closer ties between journalists and their readers.
