Biden warns of oligarchy threat in farewell address

In his farewell address on January 15, 2025, President Joe Biden warned of the growing threat of oligarchy in America. He highlighted the dangerous concentration of power among a wealthy few, contrasting it with the principles of democracy. Biden's speech marked a significant departure from typical political farewells, as he explicitly identified oligarchy as a major concern for the nation. He emphasized that unchecked wealth undermines democracy and fosters division among the populace. The president's remarks drew parallels between the current U.S. political landscape and the oligarchic structures seen in the Philippines during the Marcos era. Biden's message underscored the need for vigilance and active engagement to protect democratic values.