A Stark Warning About Oligarchy and the Future of Democracy

A Stark Warning About Oligarchy and Tech-Industrial Complex

In his farewell address to the nation, President Joe Biden issued a stark warning about the dangers of an oligarchy of the ultra-wealthy taking root in the United States, as well as the threats posed by a "tech-industrial complex" to the future of democracy.

Speaking from the Oval Office, Biden highlighted the accumulation of power and wealth among a select few, emphasizing the potential consequences if left unchecked. He drew parallels to former President Dwight Eisenhower's 1961 warning about the rise of a "military-industrial complex," cautioning against a similar phenomenon in the technology sector.

Biden criticized social media giants for abandoning fact-checking, leading to an "avalanche of misinformation and disinformation" burying Americans. He called for holding these platforms accountable to protect children, families, and democracy from the abuse of power.

An amendment to the Constitution making presidents accountable for crimes committed while in office.

Changes to the tax code ensuring billionaires pay their fair share.

A ban on members of Congress trading stocks.

Eliminating dark money from politics.

18-year term limits for Supreme Court justices.

Stronger ethics reforms for the Court.

Biden acknowledged the challenges ahead, but expressed hope for the future. He praised Vice President Kamala Harris, calling her a "great partner" and "like family." He also thanked his family for their support.

While many presidents have delivered their final address from the Oval Office, Biden is the first since Bill Clinton to do so. This historic address served as a platform for Biden to share his concerns about the state of American democracy and outline his vision for a more equitable and just future.