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- cross-posted to:
- [email protected]
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.
This is a point I think more people really have to consider. How come the Republicans will use every ounce of power they have to get things done but Democrats will give up at the first sign of a challenge. I think it’s because the Republicans actually have leadership that actually wants to do their insane policies with their donors supporting them. While Democrats have leadership that only takes on leftist points begrudgingly to try and win their votes and donors that don’t want those things to happen. So a rotating villain always pops up ready to block all progress and even if they lose reelection cause of it they still have their nice cushy lobbying job waiting for them on the way out.