Ending Money-Dominated Politics: The $99 Pledge

Economist Jeffrey Sachs calls on those running for office to end their reliance on mega-donors, answer to the 99 per cent.

Heading into the 2012 U.S. elections, President Obama and many Democrats are striking a decidedly populist tone. Much the same as their Republican party competitors however, the Democrats are beholden to the corporate lobbies that unduly dominate campaign financing today in America. In the following video, Jeffrey Sachs explains how corporate financing has come to corrode the political process in America and offers a strategy to progressive candidates to spur real reform and give power and representation back to the people.

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Photo courtesy of Reuters.