In a poignant final address to the nation from the Oval Office, President Joe Biden issued a heartfelt warning about the perils facing American democracy. He spoke with the gravitas of a leader passing the torch. Biden cautioned against the growing concentration of power among a small group of ultra-wealthy individuals and the unchecked influence of what he termed a “tech-industrial complex.”
“I want to warn the country of some things that give me great concern: the dangerous concentration of power in the hands of a very few ultra-wealthy people and the dangerous consequences if their abuse is left unchecked,” Biden declared.
Emerging Oligarchy Threatens Democracy
He painted a stark picture of an emerging oligarchy in America, warning that it threatens the nationโs foundational principles of democracy, basic rights, and freedoms.
Biden’s message carried a subtle yet pointed critique of his successor, Donald Trump, whose incoming administration includes multiple billionaires, alongside influential figures like Tesla CEO Elon Musk, operating from outside government yet wielding substantial sway. Bidenโs remarks alluded to these dynamics as emblematic of the broader challenges facing the nation.
He echoed President Dwight D. Eisenhowerโs famous farewell address warning of a “military-industrial complex.” Biden turned his attention to the modern era, raising alarms about the rise of a “tech-industrial complex.” This, he argued, poses profound dangers, particularly through the unchecked proliferation of artificial intelligence, misinformation, and disinformation on social media platforms.
‘Free Press is Crumbling’
“The free press is crumbling, social media is giving up fact-checking, and the truth is being smothered by lies,” Biden said, his voice tinged with urgency. “We must hold social platforms accountable to protect our children and our democracy.”
Bidenโs farewell came at a low point in his popularity. Only 36% of Americans approving of his handling of the presidency, according to a recent CNN poll. His decision to delay stepping aside earlier in the election cycle to endorse Vice President Kamala Harrisโs candidacy faced criticism within his party. With limited time to campaign against Trump, Harris ultimately fell short in her bid for the presidency.
Despite these challenges, Biden highlighted the enduring impact of his administration’s accomplishments. He pointed to landmark infrastructure and environmental investments and the significant strides made in job creation and pandemic response as testaments to his presidencyโs legacy.
“It will take time to feel the full impact of all weโve done together,” Biden reflected. “But the seeds of what weโve planted will grow and bloom for decades to come.”
America prepares for a new chapter under Trumpโs leadership. And Bidenโs farewell address serves as both a cautionary tale and a call to action. It underscores the critical need for vigilance, accountability, and unity in preserving the democratic ideals that remain at the heart of the American experiment.
