Biden warns:
“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead,” Biden said.
“We’ve seen the consequences all across America, and we’ve seen it before,” Biden added.
He used his speech to more broadly warn about the risks of concentrating power in the hands of just a few individuals or corporations. He spoke of a “tech-industrial complex” and called for a constitutional amendment to ensure presidents would not be immune from prosecution for crimes committed in office.
“In a democracy, there’s another danger to the concentration of power and wealth,” Biden said. “It erodes a sense of unity and common purpose. It causes distrust and division. Participating in our democracy becomes exhausting and even disillusioning. We have to stay engaged in the process.”
“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead,” Biden said.
“We’ve seen the consequences all across America, and we’ve seen it before,” Biden added.
He used his speech to more broadly warn about the risks of concentrating power in the hands of just a few individuals or corporations. He spoke of a “tech-industrial complex” and called for a constitutional amendment to ensure presidents would not be immune from prosecution for crimes committed in office.
“In a democracy, there’s another danger to the concentration of power and wealth,” Biden said. “It erodes a sense of unity and common purpose. It causes distrust and division. Participating in our democracy becomes exhausting and even disillusioning. We have to stay engaged in the process.”