This would be an absolute and utter DISASTER for the country. Until we understand our present Constitution, we cannot hope to "fix" it - let alone through the unrestrained technique of a Constitutional Convention "con-con" (and it is indeed a con).
How can I be so certain? Very simple. George Soros, whose life goal is the destruction of the United States, is funding groups promoting the Article V Con-Con.
See here:
http://grumpyelder.com/2014/01/new-american-proves-publius-right-about-a-convention-of-the-states/
and here:
http://thenewamerican.com/usnews/constitution/item/17402-socialists-and-soros-fight-for-article-v-convention