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Biden Fires Final Salvo at Donald Trump, Elon Musk, Says ’Oligarchy Taking Shape'

Joe Biden warns of the rise of an oligarchy in America, pointing to figures like Donald Trump and Elon Musk while addressing concerns over the growing tech-industrial complex.

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Joe Biden

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Joe Biden, in his farewell address as President, delivered a powerful message about the dangers of oligarchy and its threat to democracy. Speaking from the Oval Office, Biden reflected on his achievements while issuing stern warnings about the influence of extreme wealth and power under his successor, Donald Trump. His concerns also extended to the roles played by figures like Elon Musk in shaping what he described as a dangerous shift in American society.

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Joe Biden Warns of Oligarchy Under Donald Trump’s Leadership

In a striking critique of the future under Donald Trump, Joe Biden highlighted the emergence of an oligarchy—a system where a small group of ultra-wealthy individuals wield disproportionate influence. Without naming specific figures, Biden’s comments indirectly pointed to Trump’s alliances with billionaire Elon Musk and other tycoons.

“An oligarchy is taking shape in America,” Biden said. “Extreme wealth and unchecked power are threatening democracy, freedom, and fairness.” 

Joe Biden on Tech Industrial Complex

Joe Biden’s concerns also extended to the influence of tech moguls. Biden warned that a “tech-industrial complex” was emerging, mirroring the military-industrial complex former President Eisenhower cautioned against in 1961.

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Biden expressed apprehension about the unchecked growth of technological power. He called for accountability to ensure that advancements like artificial intelligence (AI) benefit society without posing risks to democracy, security or the economy.

Joe Biden Criticises Misinformation and the Decline of Press Freedoms

A significant portion of Biden’s speech focused on the dangers of misinformation. He described how social media platforms have facilitated the spread of falsehoods. Biden emphasised the need to protect families and democracy from the harmful effects of disinformation.

“Americans are being buried under an avalanche of lies,” Biden said. He stressed that the decline of traditional journalism has left society vulnerable to manipulation, further consolidating the power of oligarchs.

Joe Biden on Donald Trump’s Climate Policies 

Biden also criticised Donald Trump’s plans to roll back environmental protections. He accused Trump’s allies of prioritising profit over the planet, warning that dismantling climate policies could have dire consequences.

“Powerful forces are working to undo our progress on the climate crisis,” Biden stated. He urged Americans to resist these efforts, which he believes serve only the interests of oligarchs like those in Trump’s circle.

In his final remarks, Joe Biden reflected on his lifelong service to the nation. He reiterated his belief that the concentration of wealth and power poses an existential threat to democracy.

Joe Biden Elon Musk Donald Trump
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