A lot of Americans are Googling 'what is oligarchy?' after Biden's farewell speech
A lot of Americans are Googling 'what is oligarchy?' after Biden's farewell speech
The outgoing president warned of the growing dominance of a small, monied elite.
Summary
In his farewell speech, President Joe Biden warned of a growing "oligarchy" in the U.S., where extreme wealth and power threaten democracy.
Comparing modern elites to 19th-century robber barons, he called for reforms to hold the wealthy accountable, as done in the past.
Biden also criticized a "tech-industrial complex" concentrating power and spreading disinformation, weakening democracy.
His remarks sparked a surge in Google searches for "oligarchy."
The speech comes amid rising concerns about policies favoring billionaires, like Trump’s tax cuts and potential cuts to social safety programs.
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I really wish Plutocracy was used more because its not just that its a small group but in particular that politcal power is on a per dollar basis.
Kleptocracy is even better...