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.
True. However both should sit on the same spot on top of the bell curve for IQ distribution. Also the majority of people is not aware of the difference between the two. You’d have to explain to more than half of your audience what a median is (essentially killing the joke this way).