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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.
Honestly, I am one of those idiots. I had to look up oligarchy myself, although I looked it up because it was being thrown around a bit on Lemmy, not because Biden said it.
I do not consider you an idiot one bit for what it’s worth. I definitely did not know that word for a significant portion of my life.
It’s not something that appears in books or something you come across in school.
Right? I’ve known the word for a long time but I was definitely well into adulthood and definitely looked it up. It’s a “college word” y’all people have to look up simple words all the time.