Many people recognize that unlimited political spending is a key driver of the growing distrust in our society and lack of faith in our civic institutions — yet they may not be aware that it is also bad for business. A pay-to-play political system pushes businesses into short-termism and an ‘arms race’ of political spending just to maintain their positions — rather than focusing on real value-creation in the marketplace. This is why it is so important for business leaders to add their voices to those of millions of other Americans calling for a 28th amendment to limit political spending.
