Biden warns of emerging oligarchy and tech industrial complex in final Oval Office address

In his final address from the Oval Office, President Joe Biden warned of an emerging "oligarchy" in the U.S., citing a dangerous concentration of wealth and power among a few ultra-wealthy individuals. He expressed concern over a "tech industrial complex" that could threaten democracy and spread misinformation. Biden's remarks included a reference to former President Dwight Eisenhower's warning about the military-industrial complex. He criticized social media platforms for failing to fact-check and called for accountability in the face of misinformation. As he prepares to leave office, Biden highlighted his administration's achievements, including job creation and healthcare expansion. However, he faced low approval ratings and criticism from both Republicans and Democrats regarding his re-election bid and handling of various issues.