Biden Warns of Oligarchy in Farewell Speech

In a farewell address from the Oval Office, President Joe Biden warned of an emerging 'oligarchy' in America, characterized by extreme wealth and influence that threatens democracy and basic rights. He reflected on his five-decade political career and the challenges faced during his presidency, including the pandemic and economic crisis, asserting his commitment to all Americans. Biden highlighted his administration's achievements, such as infrastructure investments and international alliances, while emphasizing the need for vigilance against concentrated power. Additionally, he discussed a recent ceasefire deal between Israel and Hamas, which he played a role in negotiating, and kept President-elect Donald Trump's team informed. His remarks resonate with growing concerns over wealth disparity and its implications for democracy. Biden's speech underscored a pivotal moment as he prepares to pass the torch to the incoming administration.