As Joe Biden prepares to leave the White House, he’s issuing one last warning: America is at risk of falling under the grip of an oligarchy.
In his farewell speech, the outgoing president aimed at growing concentration of power among the ultra-wealthy, particularly in the tech industry.
The outgoing President called the dangerous concentration of power “a threat to democracy”
Biden Raises Alarm Over Important Issues
“Today, an oligarchy is taking shape in America,” Biden cautioned, pointing to a “tech-industrial complex” with unchecked influence over society.
His remarks seemed to allude to figures like Elon Musk, Jeff Bezos, and Mark Zuckerberg.
The billionaires have cozied up to Donald Trump ahead of his return to office by donating millions of dollars.
Beyond wealth and power, Biden also sounded the alarm on climate change rollbacks and the rise of misinformation, particularly on social media platforms.
“The truth is being smothered by lies told for power and profit,” he warned, taking a direct shot at Meta’s recent decision to scrap independent fact-checking.
