Biden Warns of Wealth and Power Oligarchy Threatening US Democracy in Farewell Address

In his farewell speech, President Joe Biden expressed concerns about the rise of an "oligarchy" of wealth and power that poses a threat to democracy. He specifically pointed out challenges such as misinformation spread through social media and the potential dangers of artificial intelligence. The President underscored the significance of ensuring that the extremely wealthy are held responsible and emphasized the need to safeguard democratic institutions. Biden called on Americans to remain actively involved in democratic processes and to uphold an optimistic vision for the nation.