National: Biden warns of the rise of a new American ‘oligarchy’ | Toluse Olorunnipa and Cleve R. Wootson Jr./The Washington Post
President Joe Biden used his final address from the Oval Office to deliver a somber warning about the threat posed by the “dangerous concentration of power” in the hands of wealthy and well-connected individuals, a thinly veiled reference to billionaire technology executives who have been increasingly signaling their desire to work closely with President-elect Donald Trump. “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 said during his farewell speech, days before he steps down from a four-year presidency and a lifetime in public office. “We see the consequences all across America, and we’ve seen it before.” Read Article