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.

  • sumguyonline@lemmy.world
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    17 days ago

    Oligarchy, like when Nancy pelosi sets herself up as a defacto leader using insider trading… Or is it only oligarchy when the Republicans do it?

    • enbyecho@lemmy.world
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      17 days ago

      when Nancy pelosi sets herself up as a defacto leader using insider trading

      Dude. You should put down the bong long enough to read up on what was covered in the high school civics class you slept through.