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.
Fun fact: the Greek word kakistos (meaning “worst”), from which the first part of kakistocracy derives, comes from the Proto-Indo European root *kakka- which means “to defecate.” Source: Etymonline
In other words, kakistocracy can be considered: Being governed by shit.
ETA another related fact.: the word cacophony (meaning “harsh or unpleasant discordance of sound”) also shares this root. It came to English via Latin, so the spelling is different, but the origin remains the same. Which is to say, a “cacophony” is a shitty sound.