Biden warns of an 'oligarchy' of wealth and power threatening US democracy in farewell speech

Biden’s farewell address wasn’t just a goodbye — it was a warning

On Wednesday, President Joe Biden delivered a farewell address that wasn’t about accomplishments or legacy. It was a warning. His message was clear: concentrated power — in wealth, technology and misinformation — is pushing American democracy to the brink.“An oligarchy is taking shape in America,” Biden said. According to Federal Reserve data, the top 1% controls more wealth than the bottom 90% combined. Billionaires like Elon Musk, with a net w…

In his farewell speech, the outgoing president denounces the risks to democracy of 'oligarchies'. He talks about Musk, forgetting that, between funding and revolving doors, dems have always gone hand in hand with economic potentates: from Soros to Gates to Big Tech. Marco Rubio, the designated Secretary of State: “The liberal world order? A dangerous illusion” The special contains two articles. Continue reading

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Schumer and fellow Democrats ignore the facts when trying to pin American oligarchy on Republicans

President Joe Biden's farewell address Wednesday was replete with oddities and falsehoods. Evidently convinced that they could use it against their political foes and hurt President-elect Donald Trump's appeal with working-class voters, affluent Democrats and fellow travelers seized on one of Biden's statements in particular, namely his suggestion that "an oligarchy is taking shape in America of extreme wealth, power, and influence that literall…

Biden cites threat from ‘extreme wealth’ in farewell address

President Joe Biden warned Americans of a “dangerous concentration of power” in the hands of a “very few ultrawealthy people” and the impact he feared it would have on the country’s democracy as he delivered a farewell address Wednesday from the Oval Office. “Today an oligarchy is taking shape in America — of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, a fair shot for everyone…

What A U.S. Tech Oligarchy Means For The Rest Of The World

Analysis-PARIS — On Jan. 17, 1961, U.S. President Dwight Eisenhower, a former World War II hero, delivered his final message to the nation before the end of his term. He cautioned Americans: "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never le…