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

In his farewell address, President Joe Biden warned of an emerging "oligarchy" of the ultra-wealthy in the U.S. He expressed concern over the concentration of power and wealth, which he believes threatens democracy and citizens' rights. Biden also highlighted the rise of a "tech-industrial complex," drawing parallels to past warnings about the military-industrial complex. He noted that many wealthy individuals are aligning with President-elect Donald Trump, raising concerns about their influence. 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.