In his farewell speech, the outgoing American president believes that if this rising oligarchy ‘does not stop now, the consequences will be serious’.
The President of the United States (US), Joe Bidenassured this Wednesday, just five days before Donald Trump takes office, that “a oligarchy” in his country. For example, he has confessed to being “deeply concerned” about what he has defined as a “dangerous concentration power in the hands of a few individuals ultra-rich“.
“Right now, an oligarchy based on an extreme concentration of wealth, power and influence is developing in the United States. If the abuse of that power does not stop now, the consequences will be dire,” Biden said from the Oval Office White House.
This emerging oligarchy “directly threatens our democracy, fundamental rights and freedoms, and equal opportunity for all to progress.”
“He The president’s power is not unlimitedThat should not be the case, and in a democracy the concentration of power and wealth also represents a great danger,” he stressed.
Furthermore, in apparent reference to Musk and Zuckerberg, he has hinted at the “possible rise of a technological industrial complex that could also pose real dangers to our country.’ “Americans are buried under an avalanche of untruths and disinformation that enable abuse of power. The free press is crumbling. Editors disappear. “Social networks refuse to verify the facts,” he added.
The 81-year-old Biden said goodbye with this speech after serving a single term in the White House that will remain encapsulated in history between Donald Trump’s two terms, but which he has referenced at several points. The democratic leader used his final statement to take stock of his government, emphasizing job creation, the Gaza ceasefire, strengthening NATO, updating competition with China and “much more”.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
