President Biden Warns Americans Of Oligarchy In Farewell Speech

After touting some of his accomplishments, he took time to address some things that concern him.

President Biden delivered his farewell speech from the Oval Office Wednesday night.

After touting some of his accomplishments, he took time to address some things that concern him. He warned Americans of an oligarchy taking shape in the U.S. of extreme wealth, power, and influence.

The possibility “literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead,” Biden said.

He used his speech to more broadly warn about the risks of concentrating power in the hands of just a few individuals or corporations. “Participating in our democracy becomes exhausting and even disillusioning. We have to stay engaged in the process,” he added.

Biden’s farewell address was the first time since the election that he revisited those warnings. It comes after he welcomed Trump to the White House and promising a peaceful transition of power.