8Photo© hindustantimes.com'Oligarchy of ultra-wealthy taking shape': Top quotes from Biden's farewell address
Outgoing US President Joe Biden warned Americans about a "dangerous concentration of power" among a few wealthy people in the United States and urged them to "stand guard" against threats from oligarchs, disinformation and AI in a future under Donald Trump as he delivered a farewell address on Wednesday ahead of stepping down next week.
In a brief Oval Office speech, the Democrat touted his achievements in steering the US economy out of the deep crisis inflicted by the Covid-19 pandemic and said he had made the nation's alliances abroad stronger.
In a veiled reference to incoming President Trump's close ties to billionaire Elon Musk and other tycoons, he said an "oligarchy is taking shape in America" -- and "a dangerous concentration of power."