US President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington, DC, on January 15, 2025. MANDEL NGAN/Pool via REUTERS
WASHINGTON (Reuters) -U.S. President Joe Biden warned on Wednesday in his farewell address that an American oligarchy is taking shape in the United States among a few wealthy people who have amassed a "dangerous concentration of power."
Biden warned of a "tech industrial complex" in the United States in words that echoed President Dwight Eisenhower's farewell address in 1961. Eisenhower, closing out eight years as president, had warned of the dangers of a "military-industrial complex" gaining power in the United States.
