Oil Companies’ Record Profits Reveal How Capitalism Undermines Democracy

Tim Libretti, PhD
4 min readFeb 16

“There you go again.”

These are the famous words Ronald Reagan spoke in responding to, indeed chastising, Jimmy Carter during a presidential debate in 1980.

This earnings season, we could say the same to big oil companies who did go there again by reporting record profits when Americans are struggling to make ends…

Tim Libretti, PhD

Professor of Literature, Political Economy enthusiast, Dad, always thinking about the optimal world