Outgoing President warned against “a dangerous concentration of power in the hands of a very few ultra-wealthy people” during his final planned remarks to the nation on Thursday.
“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,” he said.
, who spent 50 years in public service, was possibly referring to the support enjoyed by President-elect Donald Trump by the likes of some of the richest people in the world like Elon Musk, Jeff Bezos and Mark Zuckerberg.
Zuckerberg and Bezos have each offered to donated $1 million to Trump’s inaugural fund. Musk will be heading a new temperoary government agency in the upcoming administration.
Biden added he was “equally concerned about the potential rise of a tech-industrial complex that could pose real dangers to our country as well.”
In doing so, Biden drew a parallel to President Dwight Eisenhower’s 1961 farewell speech where the 34th US president warned against the establishment of a “military-industrial complex.”
Biden on climate change, misinformation
Biden said he had managed to achieve economic growth for his country while also working to protect the environment.
“Powerful forces want to wield their unchecked influence to eliminate the steps we’ve taken to tackle the climate crisis,” he said.
Biden said that the US population was “buried under an avalanche of misinformation and disinformation, enabling the abuse of power,” adding that the freedom of the press was in danger.
More to follow…
tg/rm (AFP, AP, Reuters)
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