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- cross-posted to:
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Summary
In his farewell speech, President Joe Biden warned of a growing “oligarchy” in the U.S., where extreme wealth and power threaten democracy.
Comparing modern elites to 19th-century robber barons, he called for reforms to hold the wealthy accountable, as done in the past.
Biden also criticized a “tech-industrial complex” concentrating power and spreading disinformation, weakening democracy.
His remarks sparked a surge in Google searches for “oligarchy.”
The speech comes amid rising concerns about policies favoring billionaires, like Trump’s tax cuts and potential cuts to social safety programs.
I don’t know that it’ll get rid of the problem entirely. I had an argument with one of my friends a few years ago who posted a picture of a gas pump and included “let’s go Brandon” in the caption. After explaining that the president had little to do with the high gas prices at the time and it was more that OPEC was producing an artificial shortage by keeping refineries closed, my friend informed me that he was a political science major in college, so he knows how gas prices work.