The health and stability of American democracy are in the midst of serious threats, putting our elections and business environment at risk. The business community can take decisive action to support democracy and turn the tide.
America was downgraded from a “full” to a “flawed” democracy by the Economist Intelligence Unit in 2016, and multi-pronged threats are increasing the risk that we could face serious political instability in upcoming elections. Particularly concerning is the lack of faith in election outcomes: 32% of voters believe that the 2020 election was stolen, and politicians seeking to capitalize on this belief have introduced over 600 bills in 49 states targeting voting rights since 2020. And a major American political conference is being hosted in Budapest this year to celebrate and learn from Hungary’s autocratic prime minister, Viktor Orbán.
Political instability and the erosion of the protections that…
