When he delivered his farewell address to Americans on Wednesday night, President Biden warned that too much power was being concentrated in the hands of a small group of uber-rich people. And just as President Eisenhower famously warned of a "military industrial complex" and the "potential for the disastrous rise of misplaced power" in his

Joe Biden, who will be replaced by Donald Trump in five days, defended his legacy and the importance of American democracy in an Oval Office address

Borrowing from Dwight Eisenhower, he warned of an ascendant “tech-industrial complex,” and that “an oligarchy is taking shape in America of extreme wealth, power, and influence that really threatens our entire democracy,

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Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead.

From the White House he will soon cede to Trump, Biden likens the current crop of tech moguls to the “robber barons” of the 19th century.

WASHINGTON—President Biden said Wednesday that an oligarchy and a tech industrial complex were ... Biden recalled President Dwight D. Eisenhower’s final speech in 1961, which focused on the military-industrial complex. In a nod to Eisenhower, Biden ...

Speaking from the Oval Office, Biden sounded the alarm over the accumulation of power and wealth among a small few.

Biden’s warning of an unelected oligarchy taking shape echoed a similar one by President Dwight D. Eisenhower, who spoke about the military-industrial complex in his farewell address.

"Today, an oligarchy is taking shape in America ... In sounding the alarm, Biden invoked President Dwight D. Eisenhower, who in 1961 used his farewell address to draw attention to the growing ...

"Today, an oligarchy is taking shape in America ... comparing it to the "military industrial complex" that President Dwight D. Eisenhower warned about in his 1961 farewell address.

(Photo by Mandel Ngan - Pool/Getty Images) Biden said he was “concerned about the potential rise of a tech-industrial complex,” echoing President Dwight D. Eisenhower’s warning about the ...