I join the overwhelming majority of Americans to demand an amendment to the United States Constitution to end the domination of big money in politics and give voice to all Americans.
 
I will stand with all Americans, without regard to party or other differences, and urge all candidates and elected officials to do the same, in order to pass and ratify such a constitutional amendment as soon as possible.

1General Information
2Sign The Pledge
Address(Required)
Navigation
September 4, 2019

Freeing the Free Market: How Big Money in Politics Affects the Business Landscape

Freeing the Free Market: How Big Money in Politics Affects the Business Landscape

September 4, 2019
Published By American Promise

Last week, Elizabeth Doty, co-founder of Business for American Promise, wrote an op-ed in The Hill responding to the Business Roundtable’s recently updated statement of principle, calling on corporations to meet a new level of responsibility—to create benefits for all stakeholders, including workers, communities and our planet. The statement upends decades of corporate focus on shareholder primacy, aka the maximization of profits.

Elizabeth writes that the Business Roundtable’s statement is a commendable first step in the process to restore public trust in the economic institutions of this country—trust that has faltered in recent decades as the public increasingly views both the capitalist and the political system to be rigged in favor of the wealthy few. However, fulfilling this new commitment will be difficult without structural reforms to reduce the pressure on companies to compete through political influence and address the “pay-to-play” system that is at the root of public distrust. Without such coordinated action, individual companies that want to serve all stakeholders will face the risk of “unilateral disarmament.” This is why Elizabeth invites the Business Roundtable to consider audacious reforms, such as the 28th Amendment, which address the root causes of “pay to play” and enable businesses to compete through quality products, services and business models that offer lasting value to society. 

“Clearly, members of the Business Roundtable have begun a process of open discussion that reflects broader interests and a long-term perspective,” Elizabeth writes. “We hope they use that capacity to consider and support reforms that address the barriers to creating value for multiple stakeholders, and the root causes of our current crisis of trust.”

Citizens across the nation are already successfully working on reforms that will level the playing field and restore competitiveness in the market, and purpose-driven businesses are spearheading important shifts in the foundation of the U.S. business environment. Business for American Promise aims to bring these leaders together to help further the 28th Amendment and usher in a new era of trust and prosperity in the American pillars of representative democracy and free-market capitalism.

Read her op-ed here.

Related Articles

Newsletters
At American Promise, we are working diligently to make sure our current economic posture is both sustained and grown.
American Promise
This step by Senate Republicans to crack down on foreign influence displays leadership and reflects voters’ priority to rein in political spending.
American Promise
It’s time state lawmakers take meaningful action by passing House Resolution 317 and Senate Resolution 212.