‘An Oligarchy Is Taking Shape,’ Biden Warns in His Farewell Address

This oligarchy ‘literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead,’ the president said.

Mandel Ngan - Pool/Getty Images
President Biden delivers his farewell address to the nation from the Oval Office of the White House on January 15, 2025 at Washington, DC. Mandel Ngan - Pool/Getty Images

As President Biden prepares to leave Washington for the final time in just four days, he is warning of a concentration of power in Silicon Valley and among America’s largest social media platforms, and of the importance of the artificial intelligence race with Communist China. 

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