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Joe Biden warns of tech billionaires' threat to democracy in farewell address | "An oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy"
The outgoing president's message echoed concerns raised decades ago by President Dwight Eisenhower about the military-industrial complex, but with a modern twist focused on the tech industry's...
"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," Biden cautioned. Elon Musk, the world's wealthiest individual, has taken an unprecedented role in shaping the incoming administration after reportedly spending $250 million to support Donald Trump's re-election campaign. Tech CEOs including Musk, Jeff Bezos, Tim Cook, Sundar Pichai, and Zuckerberg are expected to attend, occupying positions of honor alongside former presidents and family members.
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