Video: “Oligarchy is taking shape in America,” Biden’s farewell warning resurface
Abdullateef Fowewe
In a poignant excerpt from his January 15, 2025, Oval Office farewell address, former President Joe Biden issued a caution about America’s future, spotlighting the perils of unchecked wealth.
@dailyeconomy8 Video: “Oligarchy is taking shape in America,” Biden’s farewell warning resurfaces In a poignant excerpt from his January 15, 2025, Oval Office farewell address, former President Joe Biden issued a caution about America’s future, spotlighting the perils of unchecked wealth. Speaking directly to the nation with American flags flanking him, Biden said, “I want to warn the country of some things that give me great concern. That’s the dangerous concentration of power in the hands of a very few ultra wealthy people. Today, an oligarchy is taking shape.” “Of extreme wealth, power and influence that really threatens our entire democracy,” he added.
Video: “Oligarchy is taking shape in America,” Biden’s farewell warning resurface
Speaking directly to the nation with American flags flanking him, Biden said, “I want to warn the country of some things that give me great concern. That’s the dangerous concentration of power in the hands of a very few ultra wealthy people. Today, an oligarchy is taking shape.”
“Of extreme wealth, power and influence that really threatens our entire democracy,” he added.
