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Joe Biden, who will be replaced by Donald Trump in five days, defended his legacy and the importance of American democracy in an Oval Office address

Borrowing from Dwight Eisenhower, he warned of an ascendant “tech-industrial complex,” and that “an oligarchy is taking shape in America of extreme wealth, power, and influence that really threatens our entire democracy,

President Biden did not explicitly name President-elect Donald J. Trump, but his remarks went straight at the tension at the heart of the incoming White House.

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, and a fair shot for everyone to get ahead.

From the White House he will soon cede to Trump, Biden likens the current crop of tech moguls to the “robber barons” of the 19th century.

In his farewell address the outgoing leader drew parallels with President Eisenhowers cautioning about the military-industrial complex

Tesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg, Alphabet Inc CEO Sundar Pichai, and Amazon founder Jeff Bezos took some of the most exclusive seats at the inauguration on Monday, sitting closer to the president than even some of his cabinet picks.

In his farewell address to the nation, President Joe Biden sounded a stark warning: the United States is at risk of being controlled by a tech oligarchy .

In his farewell address from the Oval Office, US President Joe Biden raised concerns about the increasing influence of an oligarchy of ultra-wealthy

WASHINGTON—President Biden said Wednesday that an oligarchy and a tech industrial complex were taking hold in America, warning of the risks of unchecked power in a farewell address that served as a bittersweet coda to his 50-year political career.

US President Joe Biden on Thursday highlighted the formation of an ‘oligarchy’ in his farewell address from the Oval Office. Biden warned of the concentration of wealth in a few hands, as it would give them the opportunity to abuse their power.