Biden's Farewell Warns of Oligarchy Threat

In his farewell address, President Joe Biden warned of a rising 'oligarchy' and a 'tech-industrial complex' threatening American democracy, drawing parallels to Dwight Eisenhower's warnings about the military-industrial complex. Biden expressed concerns about the concentration of wealth and power under Donald Trump's incoming administration, particularly involving figures like Elon Musk and Mark Zuckerberg. The speech also highlighted Biden's achievements, such as handling the COVID-19 pandemic and successfully negotiating a ceasefire between Israel and Hamas. Despite these accomplishments, Biden will leave office without pursuing a second term, endorsing Kamala Harris for the Democratic candidacy. Delivered from the Oval Office, the address was seen as a final effort to shape his legacy as Trump prepares to take office. Additionally, Biden's speech was marked by criticisms over its delivery and coherence, reflecting mixed public reception.