Biden warns of ultra-rich oligarchy and tech-industrial complex in farewell address
nj.com —
In his farewell address, President Joe Biden warned of an emerging "oligarchy" of the ultra-wealthy in the U.S. He expressed concern about the concentration of power and wealth threatening democracy and citizens' rights. Biden also highlighted the rise of a "tech-industrial complex," likening it to the military-industrial complex. He noted that wealthy individuals and tech leaders have increasingly aligned with President-elect Donald Trump. Additionally, Biden called for a constitutional amendment to remove immunity for sitting presidents, following a Supreme Court decision that protected Trump from criminal liability related to the 2020 election.