October 6, 2015
Securities and Exchange Commission
Dear Securities and Exchange Commission,
It does not take a climate scientist or even a particularly bright bulb on the street to see that Capitalism, unrestrained by the requirements of Planetary life support systems, is guaranteed mutually assured destruction. When dollars are sacrosanct to Planetary life support systems, what other outcome can be expected? Socially enabled capitalism is clearly a failed paradigm. Help end tax funded pollution of the commons for starters. Our tax dollars are funding a Planetary ecocide future for the children of ALL species.
"War becomes perpetual when used as a rationale for peace," Norman Solomon. "Peace becomes perpetual when used as a rationale for survival." Yours truly. Captain Leif Knutsen, ret.
There has never been a more threatening "survival" time than NOW!
I am writing to urge you to return rule #4-637 to your agenda this year for swift enactment.
This rule, requiring public companies to disclose political spending and funding of trade and business associations, is essential to making our policy processes more transparent and holding corporations accountable for their political influence.
With no requirement for corporations to disclose political donations or funding of organizations, the public is left in the dark about how companies are using their money to hinder policies that are in the public interest.
This proposed rule has received more than one million comments of support--more than any other SEC rule. And 81 percent of Americans believe that corporations should only spend money on political campaigns if they disclose that spending publicly. Commissioners should not ignore this overwhelming public support and cave to pressure from business interest groups who want to continue to operate in secret.
Please enact rule #4-637.