Cleve Wootson Jr

President Biden warns of the rise of a new American ‘oligarchy’

President Joe Biden used his final address from the Oval Office to deliver a somber warning about the threat posed by the “dangerous concentration of power” in the hands of wealthy and well-connected individuals, a thinly veiled reference to billionaire technology executives who have been increasingly signaling their desire to work closely with President-elect Donald Trump. “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,” President B