Biden warns of ultra-rich oligarchy and tech-industrial complex in farewell address

mlive.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 past warnings about the military-industrial complex. He noted the influence of wealthy individuals supporting 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.


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