Biden Warns of Oligarchy and Trump Influence

In his final address as President, Joe Biden warned of a growing oligarchy in the U.S., characterized by the dangerous concentration of power and wealth among a few ultra-wealthy individuals, which he believes threatens American democracy. Biden's speech emphasized the need to preserve democratic guardrails, highlighting the role of an independent Supreme Court and accountable Congress amid concerns about Donald Trump’s influence and alliances with tech billionaires like Elon Musk. He drew parallels with historical warnings about the 'military-industrial complex' and expressed concerns about a 'tech-industrial complex' that fosters misinformation. Amidst these warnings, Biden also acknowledged his administration's achievements, such as lowering drug prices and supporting international allies like Ukraine. Despite his concerns, Biden did not specifically name Trump in his speech, but the context made clear his apprehensions about Trump's return to power and its implications for democracy.