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Goods that are non-excludable and non-rivalrous, creating funding challenges because beneficiaries can't be charged directly. IRSA's Perpetual Social Capital provides a new funding architecture for public goods: gifts that cycle through networks, creating compound value without requiring direct payment from beneficiaries.
Basic research benefits everyone but is underfunded because no one can be excluded from using discoveries. PSC enables research funding that compounds across cycles rather than requiring repeated grant applications.
See: Perpetual Social Capital, System Value Multiplier