US President Joe Biden has warned that an “oligarchy is taking shape in America” that risks damaging American democracy, as he blasted an emerging “tech industrial complex” for delivering a dangerous concentration of wealth and power in the country.
Biden’s comments during a farewell address to Americans from the Oval Office on Wednesday night amount to a veiled attack on Donald Trump’s closest allies in corporate America, including tech billionaire Elon Musk, just five days before he transfers power to the Republican.
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