US President Joe Biden used his farewell address to the nation on Wednesday to warn of an “oligarchy” of the super rich that is taking root in the country and a “tech-industrial complex” that is infringing on the rights of Americans and the future of democracy. .
Speaking from the Oval Office as he prepared to hand over power Monday to president-elect Donald Trump, Biden sounded the alarm about the concentration of power and wealth among a few.
“Today, an oligarchy is emerging in America of extreme wealth, power and influence that truly threatens our entire democracy, our fundamental rights and freedoms and a fair view for all to receive forward,” Biden said, drawing attention to the “dangerous concentration. of power in the hands of a few extremely wealthy people. Dangerous consequences if the use of power is left unchecked.”
Echoing Dwight Eisenhower's warnings about the military-industrial complex when he left office, he said: “I am equally concerned about the possible rise of a tech-industrial complex that 'could bring real dangers to our country as well.”
Mr. Biden's warning comes as some of the world's richest people and titans of his technology industry have come to Trump's side in recent months, especially after his victory in November.
US President Joe Biden will end his half-century political career on Wednesday with a final speech in the Oval Office. In a letter, Biden said that he 'has given my heart and soul to our country.'
Billionaire Elon Musk spent more than $100 million helping Trump get elected, and executives such as Meta's Mark Zuckerberg and Amazon's Jeff Bezos have donated to Trump's campaign committee and made pilgrimages to the club. private Trump in Florida for an audience with the president-elect.
Biden also called for a constitutional amendment to end immunity for sitting presidents after the The Supreme Court struck down Trump's sweeping protections last year from criminal liability for his role in trying to undermine his 2020 victory over Biden.
