In his farewell speech, President Joe Biden issued a stark warning about the rise of oligarchic influence in America. He expressed concerns over the power held by billionaires like Elon Musk, Mark Zuckerberg, and Jeff Bezos, emphasizing the threat such concentration of wealth poses to democracy. Biden criticized the role of these individuals in shaping political discourse through their control over major media platforms and their proximity to former President Trump.
Biden also highlighted the importance of economic growth aligned with climate protection, viewing it as a critical challenge. He underscored the necessity for accountability, arguing against the notion of presidential immunity from prosecution for crimes committed in office. This point was particularly relevant in light of charges against Trump for electoral fraud.
As he stepped back from the presidential race, Biden called on the nation to protect democratic principles and institutions. He urged reforms in tax codes to prevent the undue influence of wealth in politics and advocated for transparency in political campaign financing. With Vice President Kamala Harris set to run, Biden's address served as both a reflection on his administration's achievements and a cautionary note for the future of American democracy.
