Podcast  

Terms of Engagement – Sinking Yachts: Can a Billionaire Backlash Save Democracy?

Oxford University Professor Pepper Culpepper joins Terms of Engagement hosts Archon Fung and Steven Richer to discuss corporate excess, bipartisan popular anger, and his new book “Billionaire Backlash: The Age of Corporate Scandal and How It Could Save Democracy.”

The United States is experiencing record levels of inequality amid the rising political and economic influence of finance, tech, and corporate leaders. But popular discontent from across the political spectrum is also growing, as issues including the impact of technology platforms, financial industry practices, and high-profile scandals involving prominent individuals are increasingly contributing to popular anger over wealth concentration, corporate power, and public accountability.

University of Oxford Professor Pepper Culpepper believes that public hostility can be channeled into real political change. Together with Harvard University Professor Taeku Lee, he’s co-written a new book: “Billionaire Backlash: The Age of Corporate Scandal and How It Could Save Democracy.” He joins Terms of Engagement hosts Archon Fung and Stephen Richer to discuss how rising populist sentiment against corporate power and inequality could impact the future of democracy.

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About our Guest

Pepper Culpepper is the Blavatnik Professor of Government and Public Policy at the University of Oxford and Vice-Dean of Oxford’s Blavatnik School of Government. With Taeku Lee, he is the author of “Billionaire Backlash: The Age of Corporate Scandal and How It Could Save Democracy.” His book “Quiet Politics and Business Power” was awarded the Stein Rokkan Prize for Comparative Social Science Research, and he has written or edited three other books on European politics. His public commentary has appeared in Le Monde, the New Republic, and the Washington Post, among others. Originally from the American south, he has lived and worked in France, Germany, Japan, and Italy. He now resides in Oxford with his family.

About the Hosts

Archon Fung is the Winthrop Laflin McCormack Professor of Citizenship and Self-Government at the Harvard Kennedy School and the Director of the Ash Center for Democratic Governance and Innovation. His research explores policies, practices, and institutional designs that deepen the quality of democratic governance with a focus on public participation, deliberation, and transparency. He has authored five books, four edited collections, and over fifty articles appearing in professional journals. He received two S.B.s — in philosophy and physics — and his Ph.D. in political science from MIT.

Stephen Richer is the former elected Maricopa County Recorder, responsible for voter registration, early voting administration, and public recordings in Maricopa County, Arizona, the fourth largest county in the United States. Prior to being an elected official, Stephen worked at several public policy think tanks and as a business transactions attorney.  Stephen received his J.D. and M.A. from The University of Chicago and his B.A. from Tulane University. Stephen has been broadly recognized for his work in elections and American Democracy.  In 2021, the Arizona Republic named Stephen “Arizonan of the Year.”  In 2022, the Maricopa Bar Association awarded Stephen “Public Law Attorney of the Year.”  In 2023, Stephen won “Leader of the Year” from the Arizona Capitol Times.  And in 2024, Time Magazine named Stephen a “Defender of Democracy.”

The views expressed on this show are those of the hosts alone and do not necessarily represent the positions of the Ash Center or its affiliates.

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