Speaking from the Oval Office, Biden sounded the alarm over the accumulation of power and wealth among a small few.
President Joe Biden speaks from the Oval Office of the White House as he gives his farewell address Wednesday, Jan. 15, 2025, in Washington. used his farewell address to the nation Wednesday to deliver stark warnings of an “oligarchy” of the ultra-wealthy taking root in the country and of a “tech-industrial complex” that is infringing on Americans' rights and the future of democracy.
Biden used his 15-minute address to offer a model for a peaceful transfer of power and — without mentioning Trump by name — raise concerns about his successor. While Biden criticized 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 it was a prerecorded speech. The incumbent president has blamed his poor standing among the public on misinformation on social media and the challenges he has faced reaching voters in the disaggregated modern media ecosystem.
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