Biden warns of rising oligarchy while facing criticism over Musk engagement

President Joe Biden recently warned about the rise of an "oligarchy" in America, highlighting concerns over the concentration of wealth and power among a few individuals. His remarks seemed aimed at figures like Elon Musk and Donald Trump. Biden's administration has faced criticism for not engaging with Musk, particularly after excluding Tesla from a 2021 event celebrating electric vehicle manufacturers. This decision has been viewed as a missed opportunity to align with Musk, who has since supported Trump. Biden emphasized the need for accountability among the ultra-wealthy, referencing historical antitrust actions against powerful figures. He called for a fairer system that benefits all citizens, echoing themes from his earlier populist campaign promises.