By By Micheal Chukwuebuka
US President Joe Biden, during a farewell address delivered before he steps down next week, urged Americans to stand guard against a “dangerous oligarchy” forming under Donald Trump.
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In a primetime speech from the Oval Office at the end of his single term in office, he warned of an ultra-wealthy “tech industrial complex” he said could gain unchecked power over the American people.
“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,” the 82-year-old Democrat said.
Biden started by touting the legacy of his four years in power, saying it may take time to feel the benefits but that the “seeds were planted” for Americans in the future.
But he turned to a series of dangers that he said were facing the United States, which clearly referred to Trump’s ties to the world’s richest man, Elon Musk, and other tech tycoons.
US President Joe Biden
Oligarchy is a form of government where power is held by a small group of individuals, often wealthy elites, politicians, or military leaders. This group, known as oligarchs, exercises control over the government and decision-making processes, often to further their own interests and maintain their power.
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