I have been deeply concerned by the role of American business leaders in the election. We have seen how business leaders are attempting to influence the vote by their major funding of super-PACs. The Supreme Court has apparently ruled that this is legal, but is it ethical? We have also heard that some American companies have been sitting on mounds of cash waiting until there would be a change of administrations to invest in America. The thinking was that a Mitt Romney administration would bring about fewer regulations and a more favorable tax environment for big business.
I remember a time when business people were also civic leaders and had a more enlightened view of their responsibilities. It is hard to believe that American business leaders were refusing to invest in the country during a very hard economic time for so many Americans. One can only guess at how many jobs would have been created had the business community any sense of civic responsibility. The amount of money spent by the business community in heavy duty lobbying to influence politicians to enact legislation that is not consumer friendly and is actually anti-consumer is truly sad.
It is clear that many of these bankers and business leaders have absolutely no interest in the welfare of their fellow citizens or the betterment of the communities in which they live. They lost this round, and they will continue to lose unless they develop a new business model which will include investment in America and a return to a more ethical code of business practice.
Being a successful business person does not include forfeiting one's civic responsibilities.
Edward McCarey McDonnell, BaltimoreCopyright © 2014, The Baltimore Sun