In his final address to the nation, President Joe Biden sounded the alarm about America's slide towards an oligarchy, citing the dangerous concentration of power among the ultra-wealthy. He urged Americans to be vigilant against the erosion of democratic values and the spread of misinformation.
President Joe Biden delivered a stark warning in his farewell address on Wednesday, asserting that America is teetering on the brink of becoming an 'oligarchy.' He painted a picture of a nation where the ultra-wealthy wield disproportionate influence, threatening the very fabric of democracy. Biden cautioned against the 'dangerous concentration of power' in the hands of a select few, emphasizing the perils of unchecked wealth, power, and influence.
He stressed that while individuals should be allowed to accumulate as much wealth as possible, they must also contribute their 'fair share' in taxes. Biden pointed to the alarming rise of misinformation and disinformation, which he blamed for exacerbating the concentration of power. He lamented the erosion of the free press, the decline of fact-checking on social media, and the proliferation of lies perpetrated for personal gain or political advantage. He drew parallels between the current threat posed by a burgeoning 'tech industrial complex' and the dangers identified by President Eisenhower decades ago regarding the military-industrial complex. Both, Biden argued, represent the potential for misplaced power to undermine democratic values.His address came just days before the inauguration of President-elect Donald Trump, who secured victory in the last presidential election with substantial financial backing from individuals like tech billionaire Elon Musk. This context fueled speculation about whether Biden's warnings were directed at Trump's circle of wealthy supporters. The president's departure from office coincides with historically low approval ratings, leaving his long-term legacy uncertain.
Oligarchy Democracy Wealth Inequality Misinformation Tech Industrial Complex
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Biden Delivers Farewell Address, Warns of Oligarchy Threat and Highlights AccomplishmentsIn his final address as president, Joe Biden reflects on his tenure, celebrates achievements, and expresses concern about growing wealth inequality and its impact on democracy.
Read more »
Biden Warns of 'Oligarchy' in Farewell Address, Cites Tech-Industrial Complex ThreatIn his farewell address, President Biden expressed concern about the growing concentration of power in the hands of a few ultra-wealthy individuals, warning of a potential 'oligarchy' threatening American democracy. He pointed to the 'tech-industrial complex' as a significant danger, citing the spread of misinformation, the decline of the free press, and the erosion of fact-checking on social media platforms.
Read more »
Biden Warns of 'Oligarchy' and 'Tech-Industrial Complex' in Farewell AddressIn his farewell address, President Joe Biden expressed concerns about the growing concentration of wealth and power among a small elite, warning of an 'oligarchy' threatening democracy and basic rights. He also cautioned against the potential rise of a 'tech-industrial complex' posing dangers to the country.
Read more »
Biden warns of dangers of ‘oligarchy’ of ultra-rich, ‘tech-industrial complex’ running countryBiden used his farewell address to the nation Wednesday to warn of an “oligarchy” of the ultra-wealthy taking root in the country.
Read more »
Biden warns in farewell address that ‘oligarchy’ of ultrarich in US threatens future of democracyBy ZEKE MILLER, CHRIS MEGERIAN and COLLEEN LONG WASHINGTON (AP) — President Joe Biden used his farewell address to the nation Wednesday to deliver stark warnings of an “oligarchy”…
Read more »
Biden Warns of 'Oligarchy' and 'Tech-Industrial Complex' in Farewell AddressPresident Joe Biden used his farewell address to warn of the rise of an oligarchy of the ultra-wealthy and a tech-industrial complex that threatens democracy and American rights.
Read more »