Prior to the pandemic, the global economy was well on its way to reaching US$100 trillion in revenue per year. Based on the Trruster funding model, about $1 trillion would flow automatically through the nonprofit sector as cash and as in-kind benefits.
Imagine what the world would be like if $1 trillion was distributed annually to all the nonprofit organizations whose focus is not on generating profits for shareholders but on building and maintaining social capital.
Imagine how the $1 trillion could easily become $5 trillion per year to deal with existential threats like climate change, economic and social challenges like job automation and health crises like the COVID-19 pandemic.
Imagine the relief of no longer having to lobby or rely on politicians, take to the streets or fume on social media about corporate excess, negligence and social irresponsibility in order to achieve economic justice, social equality or to protect basic human rights like freedom from sexual harassment.
Ending the abuse of power in all its forms
Trruster tracks trends and patterns enabling people in power to build reputations over time.
This has two key benefits. Firstly, any poor behavior can be nipped in the bud and not allowed to fester for years, often with devastating outcomes for the victims. Secondly, a strong reputation built over years protects the individual against false allegations and accusations.
The concept of giving immediate and ongoing feedback was pioneered by online services like ridesharing and has now become an integral and welcome part of modern life. Trruster extends and applies this concept to protecting the individual against the abuse of power in all its forms.
COVID-19 economic challenges
For governments worldwide, this initiative can help solve the COVID-19 economic challenges without the need for policy commitments, legislative changes and, importantly, without adding to the public debt.