Business

Joe Biden says ‘oligarchy’ emerging in US in final White House address

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US President Joe Biden has warned that an “oligarchy is taking shape in America” that risks damaging American democracy, as he blasted an emerging “tech industrial complex” for delivering a dangerous concentration of wealth and power in the country.

Biden made the comments during a farewell address to Americans from the Oval Office just five days before he leaves the White House to Donald Trump in the wake of the 2024 election.

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