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https://www.nytimes.com/2025/01/15/us/politics/biden-farewell-address.html
Politics
Tags
Politics
Joe Biden
Donald Trump
White House
Presidential Immunity
Type of Content
News
Approved Story
1
Format
Article
Region
National
News Item Format
Standard
Autocurated
0

President Biden on Wednesday warned that an “oligarchy” of the ultrawealthy was emerging in America, sounding the alarm about unchecked power as he gave a farewell speech to the nation just days before he surrenders office to a man he disdains.

In an address from the Oval Office, Mr. Biden expressed concern about the “dangerous concentration of power” and issued a plea for the preservation of democratic ideals and institutions under the administration of President-elect Donald J. Trump.

“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead,” Mr. Biden said.