💨 Abstract

President Joe Biden, in his farewell address, warned about the emergence of an oligarchy in the U.S., with a few wealthy individuals concentrating power. He specifically mentioned a "tech industrial complex" as a concern, echoing President Dwight Eisenhower's 1961 warning about the military-industrial complex. Biden did not name individuals, but Tesla CEO Elon Musk is among the wealthy figures with political influence.

Courtesy: theprint.in