Biden warns of oligarchy and misinformation in farewell speech

In his farewell speech, outgoing US President Joe Biden warned about the rise of oligarchy and the tech-industrial complex threatening democracy. He criticized misinformation spread by social media and emphasized the need to protect truth and accountability. Biden highlighted the dangers of concentrated power among the ultra-wealthy, linking it to potential abuses that could harm democracy. He referenced historical warnings about the military-industrial complex to underscore his concerns. He also addressed climate change, touting his administration's significant climate law. Biden stated that powerful interests are trying to reverse progress on climate action, urging continued efforts to combat the crisis.