President Biden Warns Against Oligarchy Threat Ahead of Trump’s Inauguration
In a farewell speech on Wednesday, January 15, 2025, President Joe Biden issued a stark warning about the rise of oligarchy in the United States, characterized by extreme wealth and powerful influence. The speech comes just before Donald Trump’s inauguration as the 47th president on January 20, 2025.
Biden’s Concerns and Warnings
During his speech, Biden highlighted the formation of an oligarchy in America, consisting of extreme wealth, power, and influence that pose a real threat to our democracy, fundamental rights, and fair opportunities for everyone to progress. He noted that the concentration of power in the hands of a few wealthy individuals could lead to dangerous abuses if not closely monitored.
These warnings are particularly alarming as Biden raised concerns about the potential emergence of a technology-industrial complex that could have negative impacts on the rights of American citizens and the future of democracy. His worries reflect President Dwight Eisenhower’s warnings about the military-industrial complex when he left office in 1961.
Biden’s Indirect References
In his speech, Biden indirectly targeted several of the world’s wealthiest individuals who have shown support for Trump. Elon Musk, who reportedly spent over $100 million to support Trump’s campaign, was one of the highlighted figures. Additionally, Mark Zuckerberg from Meta and Jeff Bezos from Amazon were also seen as targets of Biden’s criticisms after their public support for Trump and significant donations to the Republican Party’s inauguration committee.
Trump’s Response and Claims
On the other hand, Trump took to social media to claim success in the ceasefire negotiations in Gaza. He described the agreement as a result of “our historic victory in November,” emphasizing his administration’s commitment to peace and ensuring the safety of American citizens and allies.
The back-and-forth between Biden and Trump regarding the Gaza ceasefire negotiations showcases a battle to establish a presidential legacy. While Biden focuses on warning about the dangers of oligarchy and its implications for democracy, Trump tries to position himself as a successful leader in international diplomacy.
As the transition of power unfolds, both leaders are making their final marks on the political landscape, setting the stage for what lies ahead in the post-inauguration era.
