How the Ultra-Wealthy Captured American Democracy (with Prof David Gibbs)

Hello everybody, welcome to the Radical Sabbatical podcast. This is Kim Scott, and while the Radical Candor team is thinking about management topics to talk about, I'm going to be talking to the authors of some of the books that I've read in the last year that have really influenced me. And I'm thrilled to have uh with me today David Gibbs, who wrote the book Revolt of the Rich, How the Politics of the 1970s widened America's class divide. Welcome, David.

Thank you for having me on. Thank you so much for being here. I have been thinking a lot about your book for about a thousand reasons since I read it. It's um and in fact I've come back to it a couple of times, but it's particularly top of mind for me right now given uh my last trip to the gas station.

And given the anxiety that people are having about what uh what the current uh administration is doing to the price of oil and what that is going to do to our economy. And one of the things that really surprised me that, I mean, maybe this, maybe everybody knew this except me, uh, but when I read your book is is during the oil crisis under Nixon, he actually wanted the price of oil to be high. Can you tell folks what what he did and why he wanted uh the price of oil to be high? A little bit of background on this and you know the the oil the oil prices the linked so it was the first one known, right? Again, in October 1973, coinciding with the Arab-Israelian war of that year, Israel and Iran keep on coming back and forth on this topic as it is today.

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