Biden’s Farewell Speech: The Threat of Wealth and Power Oligarchy in the U.S.
If President Joe Biden made such a statement in his farewell speech, it would be a striking commentary on the state of American democracy.
By pointing to the rise of oligarchic tendencies—where extreme wealth, power, and influence are concentrated in the hands of a few—he highlights a concern that resonates with ongoing debates about income inequality, corporate power, and political influence in the U.S.
This critique aligns with Biden’s long-standing emphasis on addressing wealth disparity and protecting democratic norms.
Such a statement could also be seen as a rallying cry for citizens to remain vigilant against the erosion of democratic principles.