this post was submitted on 17 Jan 2025
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News

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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.

(page 4) 50 comments
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[–] HubertManne@moist.catsweat.com 6 points 1 day ago (1 children)

I really wish Plutocracy was used more because its not just that its a small group but in particular that politcal power is on a per dollar basis.

[–] Malfeasant@lemm.ee 4 points 1 day ago

Kleptocracy is even better...

[–] WhatSay@slrpnk.net 3 points 1 day ago* (last edited 1 day ago)

Google searches:

Early gorkey

O' Malarkey

Ooley gookey

O where's my car keys?

[–] leadore@lemmy.world 2 points 1 day ago* (last edited 1 day ago)

Welp. I'm glad people are learning about this though.

[–] Foni@lemm.ee 3 points 1 day ago (1 children)
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[–] Aceticon@lemmy.dbzer0.com -3 points 1 day ago

Man who is part of making the problem much worse tries to save his legacy by pointing the problem but claiming it is just starting to become a problem.

[–] casmael@lemm.ee -1 points 1 day ago

[Gets punched in the face] Area man: “hey getting punched in the face sucks huh” [proceeds to google ‘what is getting punched in the face’]

🤦‍♂️

[–] Treetrimmer@sh.itjust.works -1 points 1 day ago (2 children)

Oligo + Archy ..... I'm not surprised most Americans can't figure it out themselves, just disappointed.

[–] argon@lemmy.today 1 points 1 day ago

Is an Archy a small version of an Archer?

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