President Joe Biden warns of “dangerous” oligarchy taking shape in farewell speech | BBC News

Outgoing US President Joe Biden warned of the dangers of an oligarchy gaining power as he delivered his farewell address and brought a decades-long career in politics to an end.

"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that really threatens our entire democracy, our basic rights and freedom," he said on Wednesday.

Biden, 82, took aim at an ultra-wealthy "tech-industrial complex" which he said could wield unchecked power over Americans.

He also used his final televised speech from the White House to issue warnings about climate change and social media disinformation.

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