Democracy, America, and the Age of Globalization

Government policies have largely ignored the growth of income inequality caused by technological change and economic globalization, because political campaigns are paid for by private funding from wealthy contributors. A voluntary public funding system is necessary to reverse this skepticism and implement policies to offset the trend toward inequality.

Because political campaigns in the United States are privately funded, America''s political system is heavily biased toward the interests of wealthy campaign contributors. As a result, government policies have largely ignored the growth in income inequality caused by technological change and economic globalization. This omission has been tolerated because most Americans do not support interventionist government policies. They believe that the government serves the interests of the campaign donors rather than the public. This skepticism concerning the public sector''s fairness must be overcome before effective programs to offset mounting inequality can be implemented. Though in recent years legislation to reform the financing of political campaigns has been adopted, private wealth continues to dominate the political process. Political cynicism therefore persists. A voluntary system of public funding of candidates for office is required to generate the trust in the public sector necessary to reverse the trend toward inequality.