In his farewell address, Biden cautions against a growing oligarchy and tech influence in America, taking aim at Musk and other billionaires.
Washington: Outgoing President Biden delivered a farewell address that was pretty pointed. He warned about a “tech-industrial complex” and claimed an oligarchy is forming in America. It was clear he was taking shots at Elon Musk and other wealthy business figures.
Biden, who’s 82, mentioned tech moguls like Zuckerberg and Bezos, who he believes played a role in his 2020 victory by censoring negative news. He expressed concern over the concentration of power among a few ultra-rich individuals and how it threatens democracy.
He referenced President Eisenhower’s warnings about the military-industrial complex, saying he’s worried about a similar rise in tech power. Biden pointed out that misinformation is rampant, and the free press is struggling. He stressed the need for accountability from social media platforms to protect democracy.
His comments about fact-checking seemed aimed at Zuckerberg, who recently changed Facebook’s approach to how they handle misinformation. Biden also criticized the new system that allows community voting on fact-checks, which he feels could lead to more misinformation.
He didn’t shy away from mentioning his son Hunter, who has faced scrutiny for his business dealings. Biden also called for tax reforms to ensure the wealthy pay their fair share and highlighted the risks and benefits of artificial intelligence.
He wrapped up his speech by wishing the incoming administration well, despite the overall critical tone. It was a mix of warnings and a call for unity as he prepares to leave office.
