Professor, Ross School of Business, University of Michigan Andrew Hoffman

The level of influence that corporate and private money have in our politics is making us less a democracy and more an oligopoly, where self-interest overrides collective interest. The outcome is a political and economic system that cannot address are deepest challenges, like climate change and income inequality, destabilizing our country and our world. We need a redirection of business and business leadership that acknowledges its responsibilities to society and not just the shareholder. The World Economic Forum, Business Roundtable and Black Rock have articulated such a goal; now its time to make it real.