Joe Biden Warns of Rising Oligarchy in Farewell Speech Ahead of Trump's Return

The outgoing president cautioned against the concentration of power among ultra-rich individuals and tech leaders, as Donald Trump prepares to reclaim the White House.

Joe Biden delivered a somber farewell address, warning of a growing 'oligarchy' in the U.S. fueled by the influence of ultra-wealthy individuals and tech magnates like Elon Musk and Mark Zuckerberg.
Biden expressed concerns about the erosion of democratic safeguards and the risks posed by unchecked power, including disinformation and the rise of a 'tech-industrial complex.'
The outgoing president highlighted threats to climate progress and urged vigilance against forces undermining environmental measures and democratic principles.
Donald Trump, set to return to the presidency on January 20, has garnered significant support from prominent tech leaders, some of whom are expected to attend his inauguration.
Biden concluded his speech by urging Americans to 'stand guard' and protect democratic values as he ends his 50-year political career.