Okay, but if you’re not actually talking about “malicious” retro funders (a category in which I would include actions that are not typically considered malicious today, such as defecting against minority or nonhuman interests), the difference between a world with and without impact markets becomes very subtle and ambiguous in my mind.
I think it depends on the extent to which the (future) retro funders take into account the ex-ante impact, and evaluate it without an upward bias even if they already know that the project ended up being extremely beneficial.
I think it depends on the extent to which the (future) retro funders take into account the ex-ante impact, and evaluate it without an upward bias even if they already know that the project ended up being extremely beneficial.
Yes, that’ll be important!