Uhhhh... no, it doesn't.
It is a process by which the STATES can initiate the addition of AMENDMENTS to the constitution, and the feral government has no say in their creation and must obey any ratified amendments.
It's a way of returning powers not enumerated in the constitution to the states and their citizens and wresting them from the feral government.
At an Article V convention, the states serve as agents of the civil society.