Biden warns of dangerous oligarchy in farewell address as Trump prepares to take office
scmp.com —
In his farewell address, President Joe Biden warned of a "dangerous" oligarchy forming in the U.S. under Donald Trump. He highlighted the influence of the ultra-wealthy and a "tech-industrial complex" on American democracy. Biden expressed concern about the concentration of power among a few wealthy individuals. He criticized social media companies and their leaders, including Elon Musk and Mark Zuckerberg, for their roles in the upcoming Trump administration. This address marks a significant moment as Biden prepares to leave office next week after a single term.