Montgomery, Alabama
President Joe Biden used his farewell address to the nation Wednesday to deliver stark warnings about an “oligarchy” of the ultra-wealthy taking root in the country and a “tech-industrial complex” that is infringing on Americans’ rights and the future of democracy.
Invoking President Dwight Eisenhower’s warnings about the rise of a military-industrial complex when he left office in 1961, Biden added, “I’m equally concerned about the potential rise of a tech-industrial complex that could pose real dangers to our country as well.” Biden sounded the alarm about oligarchy as some of the world’s richest individuals and titans of its technology industry have flocked to Trump’s side in recent months, particularly after his November victory.
At the same time that Biden was criticizing social media companies for retreating from fact-checking on their platforms, Trump’s incoming communications director and press secretary were sharing posts on X that falsely claimed the president had delivered a prerecorded speech. Biden has blamed his poor standing with the public on misinformation on social media and the challenges he has faced reaching voters in the disaggregated modern media ecosystem.
Biden isn’t leaving the White House in the way that he hoped. He tried to run for reelection, brushing aside voters’ concerns that he would be 86 years old at the end of a second term. After stumbling in a debate with Trump, Biden dropped out of the race under pressure from his own party, and Vice President Kamala Harris became the Democratic nominee.
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