@40Hz had it right. Us older guys are to blame.
When our generation had kids, we wanted to give them everything that they asked for. It's human nature to want to see your kids happy. We gave them everything they asked for.
What we didn't give them, was pride and work ethic. Anybody with either wouldn't crowd fund.
If I have a great idea, I'll go to the bank, with a significant portion of the capital raised, and a business plan. I'll put my financial future on the line and take a risk. If the business plan is sound enough, and I have my ducks in a row, the bank will back me.
If they don't, they'll tell me what more I need to do to get approved, and I'll work towards that.
The idea of crowd funding wouldn't even cross my mind.