- cross-posted to:
- usa
- cross-posted to:
- usa
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.
People think that voting either doesn’t matter, or that it’s like choosing to be a fan of a certain football team. They won’t realize their mistake when the rug gets pulled out from underneath them…but they might when they hit the back of their head on the polished concrete floor.
Unfortunately, we (the world) are paying for their medical bill. Climate change policy will regress. Trade and economic policy, too. Peace will be undermined. And regional wars will flare up and get worse as people fight for water and other resources.