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Gavin Newsom: “Free enterprise has shifted now into crony capitalism and…”

Featuring: Gavin Newsom, Democratic | Governor of California

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FULL EXTENDED VIDEO: California Governor Gavin Newsom talks with Jen Psaki

Published | Video Starts at 16:20

They sold out, like as you suggest, our universities, like our law firms, like a lot of our corporate media has been selling out. A lot of corporate leaders have been selling out corporations, quite literally selling out golden shares, 10% tithings. Free enterprise has shifted now into crony capitalism and state capitalism. And it's happened on our watch. It's a disgrace. I mean, no character. We can lose this republic. We can lose our country. And they're complicit. All of them are complicit. (16:20–16:24)

CLAIM

Asserts that the economic system has shifted towards crony and state capitalism.

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