In his farewell address, President Biden underscored the troubling rise of an oligarchy in America, warning that concentrated wealth and power could jeopardize democracy.
Biden warned that a concentration of power among the ultra-wealthy threatens democracy, freedoms, and the opportunity for all Americans to succeed if left unchecked.
He urged the nation to remember the past, comparing today's situation to the era of the robber barons, insisting that the wealthy must abide by the same rules as everyone else.
The president expressed hope for America's success during the upcoming transition, emphasizing the importance of a peaceful transfer of power and advocating for workers' rights.
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