Biden's Farewell Speech: A Caution Against Rising Oligarchy in America

Fri May 09 2025 11:34:07 GMT+0300 (Eastern European Summer Time)
Biden's Farewell Speech: A Caution Against Rising Oligarchy in America

Outgoing President Biden warns against the threat of oligarchy and misinformation in his farewell address.


In his final televised speech, Biden reflects on his administration's achievements while urging vigilance against concentrated wealth and power.

In a poignant farewell address, outgoing President Joe Biden delivered a stark warning about the emergence of an oligarchy in the United States, characterizing it as a significant threat to democracy. Speaking from the Oval Office, Biden, age 82, highlighted the alarming concentration of wealth, power, and influence among a small elite that he argued could jeopardize fundamental rights and freedoms of all Americans.

Biden expressed particular concern regarding what he termed an "ultra-wealthy tech-industrial complex," implying that powerful entities could exercise unchecked authority over the population. His speech also tackled pressing issues like climate change and the rise of misinformation, which he described as undermining democracy. "Powerful forces," he warned, are attempting to undo the progress made on climate action for their selfish interests, while misinformation is drowning Americans in an "avalanche" of falsehoods.

Although he took a moment to highlight the successes of his administration—ranging from job creation to healthcare improvements—Biden acknowledged that the impact of these efforts might not be immediately felt. He maintained that the foundation laid during his term would benefit future generations.

Biden's farewell also included a nod to the incoming Trump administration, wishing it success, yet he cautioned that the stakes are exceedingly high. His references to influential figures within technology sectors, particularly mentioning Elon Musk and other wealthy entrepreneurs, were explicit remarks against the potential dangers of a few individuals wielding disproportionate power.

The president's tone paralleled historical cautions, reminiscent of President Dwight Eisenhower's famed warning about the "military-industrial complex." Declaring that unchecked power could entail "dangerous consequences," Biden beckoned Americans to actively safeguard their democratic principles and engage in preserving the nation's integrity.

As he concluded his speech, Biden pointedly announced a ceasefire agreement between Israel and Hamas—an achievement that he asserted required relentless negotiations during his tenure. This successful diplomatic effort was framed as a significant milestone just a day before Trump's anticipated inauguration. Ending with an impassioned call to action, he urged citizens to "stand guard" over their democracy and be vigilant in protecting it.

MORE ON THEME

Fri, 09 May 2025 07:44:58 GMT

Continuity and Unity Mark Election of Pope Leo XIV

Fri, 09 May 2025 07:44:58 GMT
Fri, 09 May 2025 07:06:25 GMT

'No Peace in Sight': Ukrainians react to Russia's Ceasefire Proposal

Fri, 09 May 2025 07:06:25 GMT
Fri, 09 May 2025 07:04:30 GMT

Robert Prevost Becomes Pope Leo XIV: A New Era for the Catholic Church

Fri, 09 May 2025 07:04:30 GMT
Fri, 09 May 2025 07:02:31 GMT

**Putin's Victory Day Celebrations Amid Tensions and Ceasefire Controversy**

Fri, 09 May 2025 07:02:31 GMT
Fri, 09 May 2025 06:14:09 GMT

The Role of Informers in Hong Kong's Changing Political Landscape

Fri, 09 May 2025 06:14:09 GMT
Fri, 09 May 2025 05:06:46 GMT

Ukrainian Perspectives on Russia's Ceasefire: Voices from the Frontlines

Fri, 09 May 2025 05:06:46 GMT
Thu, 08 May 2025 22:32:00 GMT

Turkey Blocks Social Media Account of Jailed Opposition Leader Ekrem Imamoglu

Thu, 08 May 2025 22:32:00 GMT
Thu, 08 May 2025 19:30:53 GMT

**Uncertainty Surrounds Condition of Hostages in Gaza Amid Ongoing Conflict**

Thu, 08 May 2025 19:30:53 GMT
Thu, 08 May 2025 19:28:53 GMT

Israeli Forces Shut Down UN Schools in East Jerusalem Amid Protests

Thu, 08 May 2025 19:28:53 GMT
Thu, 08 May 2025 18:51:30 GMT

Bill Gates Pledges to Donate 99% of Fortune by 2045: A Philanthropic Vision

Thu, 08 May 2025 18:51:30 GMT
Thu, 08 May 2025 18:49:21 GMT

Turkey's Government Blocks Opposition Mayor's Social Media Account Amid Ongoing Crackdown

Thu, 08 May 2025 18:49:21 GMT
Thu, 08 May 2025 18:46:59 GMT

A Feathered Spotlight: Sea Gulls Capture Attention During Papal Conclave

Thu, 08 May 2025 18:46:59 GMT
Thu, 08 May 2025 18:45:26 GMT

U.S. Government Ends Tracking of Billion-Dollar Weather Disasters

Thu, 08 May 2025 18:45:26 GMT
Thu, 08 May 2025 17:27:23 GMT

Bill Gates Commits to Donating 99% of His Wealth by 2045

Thu, 08 May 2025 17:27:23 GMT
Thu, 08 May 2025 13:48:30 GMT

Displacement Crisis: Israeli Military Operations in the West Bank Escalate

Thu, 08 May 2025 13:48:30 GMT
Thu, 08 May 2025 12:40:29 GMT

Mississippi Man Faces Charges for Jennifer Aniston Stalking Incident

Thu, 08 May 2025 12:40:29 GMT
Thu, 08 May 2025 12:01:26 GMT

### Ukraine Denounces Russian Ceasefire as a Disguise for Ongoing Aggression

Thu, 08 May 2025 12:01:26 GMT
Thu, 08 May 2025 11:21:47 GMT

Uncertainty Surrounds Condition of Hostages as Israel's Gaza Offensive Continues

Thu, 08 May 2025 11:21:47 GMT
Thu, 08 May 2025 11:18:11 GMT

New Documentary Identifies Soldier in Killing of Palestinian-American Journalist Shireen Abu Akleh**

Thu, 08 May 2025 11:18:11 GMT
Thu, 08 May 2025 08:24:07 GMT

Pro-Palestinian Protests at Columbia University Lead to Multiple Arrests

Thu, 08 May 2025 08:24:07 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.