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- cross-posted to:
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Summary
In his farewell speech, President Joe Biden warned of a growing “oligarchy” in the U.S., where extreme wealth and power threaten democracy.
Comparing modern elites to 19th-century robber barons, he called for reforms to hold the wealthy accountable, as done in the past.
Biden also criticized a “tech-industrial complex” concentrating power and spreading disinformation, weakening democracy.
His remarks sparked a surge in Google searches for “oligarchy.”
The speech comes amid rising concerns about policies favoring billionaires, like Trump’s tax cuts and potential cuts to social safety programs.
Bernie’s been saying this for a long time. I’m glad Biden understands that it’s true and actually said it out loud to people. If someone asked me if Biden would say it some point, I would have said no fucking way.
It’s not the worst thing that people are trying to educate themselves even if it’s too late.