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Is the United States turning into an oligarchy? Scholars react to Joe Biden’s warning

  • During President Trump's second inauguration, corporate tech leaders were prominently seated, raising concerns about a rising oligarchy, as noted by PBS NewsHour hosts Geoff Bennett and Amna Nawaz.
  • President Biden warned about the influence of oligarchs on democracy, echoing concerns from past leaders about an out-of-control tech industrial complex.
  • Research indicates that economic elites and organized business interests have significant impacts on U.S. Government policy, suggesting a shift towards oligarchy in 2014.
  • In 2024, billionaires like Elon Musk and Jeff Bezos are seen cozying up to Trump, with reports of 13 billionaires in the new administration, holding over $450 billion in wealth.
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