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.
The ratchet isn’t gonna turn the other way until the problem of money in politics is dealt with. Until then there won’t be a real progressive candidate to rally around as in the case of Bernie they get pushed back against by the donors and the rest of the party. I do think there are some problems with people not wanting to unite under one candidate but we’re not even really at the point where that’s the main problem as the bigger problem is donors and the establishment of the Democratic party.
Who is going to vote for less money from lobbying?
No one in government except the few progressive Democrats who are routinely demonized and belittled by the rest of the party. The only way I see it happening is if Bernie or someone like him can pull a Trump and win the presidency and completely overhaul the party.