In a powerful farewell address from the Oval Office, President Joe Biden has issued a stark warning about the growing concentration of power and wealth in the hands of a few ultra-rich individuals in the United States. Speaking directly to the nation, Biden referred to the emerging “oligarchy” that threatens the nation’s democracy, basic rights, and equal opportunities for its citizens.
While not naming specific individuals, it is clear that figures such as Elon Musk, Mark Zuckerberg, and Jeff Bezos, who have aligned with president-elect Donald Trump, are fueling this trend.
Biden highlighted the influence of the tech industry, accusing it of spreading misinformation and disinformation, which has enabled further abuses of power. He also called for a constitutional amendment that would prevent any president from having immunity for crimes committed while in office—a move that directly addresses Trump’s legal controversies.
Amid this, Biden also claimed credit for a recently brokered ceasefire between Israel and Hamas, signaling a foreign policy success that he hopes will continue into the incoming administration. As his presidency comes to an end, Biden emphasized that the seeds of progress have been planted and will take root for years to come.
This final speech marks a decisive moment in Biden’s tenure, as he prepares to pass on the presidency to a new administration. The message is clear: vigilance against concentrated power will be crucial in safeguarding the future of American democracy.
