In farewell address to nation, Biden warns of dangers of ‘oligarchy’ running the U.S.

By our Special Correspondent

U.S. President Joe Biden used his farewell address to the nation Wednesday (January 15, 2025) to warn of an “oligarchy” of the ultra-wealthy taking root in the country and of a “tech-industrial complex” that is infringing on Americans’ rights and the future of democracy.

Speaking from the Oval Office as he prepares to hand over power on January 20 to President-elect Donald Trump, Mr. Biden seized what is likely to be his final opportunity to address the country before he departs the White House to spotlight the alleged accumulation of power and wealth in the U.S. among a small few.