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Gavin Newsom’s crony capitalism racket

Now that California’s Gov. Gavin Newsom has a recall petition apparently reaching the threshold for ballot qualification, there’s some renewed press interest in what he’s about and what he really does.

Unlike, say, New York Gov. Andrew Cuomo, whose style seems to be bullying, machine politics, and use of snarling political muscle, Newsom’s racket for maintaining power seems to be crony capitalism, or, perhaps more accurately, crony socialism.  This isn’t surprising in a state with the highest inequality ratios in the nation — big billionaires in a couple of urban enclaves and a lot of impoverished and marginalized people pretty much everywhere else.

Reason magazine points out that Newsom has found a way to positively thrive on it and, with COVID restrictions, positively supercharge himself for it.  It goes like this:

In 2020, California Gov. Gavin Newsom’s office reported that individuals or organizations made $226 million in private donations to organizations at Newsom’s request. These “behested payments” were a record-setting haul eclipsing all prior donations on record by nearly $100 million. […]

Read the full story from American Thinker

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