Biden warns people about the rise of America’s tech oligarchy

In his final address from the Oval Office, President Biden warned the nation about the dangers posed by the spread of misinformation and power-hungry tech leaders.

“Today, an oligarchy with extreme wealth, power, and influence has taken shape in the United States that literally threatens our entire democracy, our fundamental rights and freedoms, and a fair chance for everyone to advance. ”

in him Wednesday’s farewell messageBiden echoed President Dwight Eisenhower’s warning that the military-industrial complex was causing a “disastrous rise to misguided power.”

“Sixty years later, I am equally concerned about the potential rise of a high-tech industrial complex that could pose a real danger to our country,” Biden said. While praising the innovation and ability of America’s technology leaders to change lives, Biden said he was concerned about the “dangerous concentration of power in the hands of a very small number of ultra-wealthy people.” If misused, there could be alarming consequences.” The power of power is being left unchecked. ”

“The American people are being buried under an avalanche of misinformation and disinformation that enables abuses of power,” Biden warned. “Freedom of the press is collapsing. Editors are disappearing. Social media is abandoning fact-checking. The truth is being obscured by lies told by power and profit.”

On Monday, tech CEOs including Elon Musk, Jeff Bezos, Tim Cook, Sundar Pichai and Mark Zuckerberg attended Trump’s inauguration, along with former presidents and family members. He will sit in a prestigious position on the podium along with others. These same CEOs reportedly contributed $1 million each to President Trump’s inaugural fund, either through their companies or through personal donations.