Biden warns of dangers of 'oligarchy' of ultra-rich, 'tech-industrial complex' running country
WASHINGTON (AP) - President Joe Biden used his farewell address to the nation Wednesday to warn of an "oligarchy" of the ultra-wealthy taking root in the country and of a "tech-industrial complex" that is infringing on Americans' rights and the future of democracy.
Speaking from the Oval Office as he prepares to hand pornhub over power Monday to President-elect Donald Trump, Biden sounded alarm over the accumulation of power and wealth among a small few.
"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead," Biden said, drawing attention to "a dangerous concentration of power in the hands of a few ultra-wealthy people. Dangerous consequences if their abuse of power is left unchecked.
Welcome!
