How close is the US to crony capitalism?

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• 00:10

  We have seen a blurring of boundaries between government and business under President Trump.

• 00:18

  His administration has been brokering a TikTok deal involving Oracle and Andreessen Horowitz.

• 00:24

  Both firms include people with ties to Trump.

• 00:27

  writer Walter Isaacson, hedge fund manager Ken Griffin,

• 00:30

  and political commentator Fareed Zakaria are ringing the alarm bells.

• 00:34

  That type of state capitalism, it often evolves into crony capitalism.

• 00:39

  This slippery slope towards cronyism capital.

• 00:43

  From the leading free market in the world to the leading example of crony capitalism.

• 00:48

  Crony capitalism is when businesses rise or fall based on their proximity to politicians.

• 00:54

  The US has prided itself on being the opposite,

• 00:57

  a place where entrepreneurial pluck and talent and risk taking gets the rewards.

• 01:02

  But a number of political commentators are warning that the US is turning into a place where it's not about what you know,

• 01:10

  but about who you know.

• 01:12

  This is The Indicator from Planet Money.

• 01:15

  I'm Darian Woods.

• 01:16

  And I'm Adrian Ma.

• 01:17

  Today on the show is the US turning into a crony capitalist economy.

• 01:22

  We crunch the numbers to find out.

• 01:24

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• 01:30

  If you watch the music video,

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