President Joe Biden speaks from the Oval Office of the White House as he gives his farewell address on January 15, 2025, in Washington.
| Photo Credit: AP
U.S. President Joe Biden used his farewell address to the nation Wednesday (January 15, 2025) to warn of an “oligarchy” of the ultra-wealthy taking root in the country and of a “tech-industrial complex” that is infringing on Americans’ rights and the future of democracy.
Speaking from the Oval Office as he prepares to hand over power on January 20 to President-elect Donald Trump, Mr. Biden seized what is likely to be his final opportunity to address the country before he departs the White House to spotlight the alleged accumulation of power and wealth in the U.S. among a small few.
“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,” Mr. Biden said, drawing attention to “a dangerous concentration of power in the hands of a few ultra-wealthy people. Dangerous consequences if their abuse of power is left unchecked”.
Invoking President Dwight Eisenhower’s warnings about the military-industrial complex when he left office in 1961, Mr. Biden added, “I’m equally concerned about the potential rise of a tech-industrial complex that could pose real dangers to our country as well.”
Concerns about Trump
Mr. Biden used his 15-minute address to offer a model for a peaceful transfer of power and — without mentioning Mr. Trump by name — raise concerns about his successor.
It marked a striking admonition by Biden, who is departing the national stage after more than 50 years in public life, as he has struggled to define his legacy against the return of Trump to the Oval Office. The president warned Americans to be on guard for their freedoms and their institutions during a turbulent era of rapid technological and economic change.
His speech in the Oval Office is the latest in a series of remarks on domestic policy and foreign relations that were intended to cement his legacy and reshape Americans’ grim views on his term. Earlier in the day, he heralded a long-awaited ceasefire agreement between Israel and Hamas, which could end more than a year of bloodshed in the Middle East.
“It’ll take time to feel the full impact of what we’ve done together but the seeds are planted and they’ll grow and they’ll bloom for decades to come,” Mr. Biden said, tacitly acknowledging that many Americans say they have yet to feel the impacts of his trillions of dollars in domestic initiatives.
Mr. Biden isn’t leaving the White House in the way that he hoped. He tried to run for reelection, brushing aside voters’ concerns that he would be 86 years old at the end of a second term. After stumbling in a debate with Republican Donald Mr. Trump, Mr. Biden dropped out of the race under pressure from his party, and endorsed Vice President Kamala Harris., who lost to Trump in November.
End of Biden’s five decades in politics
The speech Wednesday night capped not Mr. Biden’s presidency but his five decades in politics. He was once the country’s youngest senator at 30 years old after being elected to represent his home state of Delaware in 1972.
Mr. Biden pursued the presidency in 1988 and 2008 before becoming Barack Obama’s vice president. After serving two terms, Mr. Biden was considered to be retired from politics. But he returned to center stage as the unlikely Democratic nominee in 2020, successfully ousting Mr. Trump from the White House.
As he highlighted his own commitment to ensuring a peaceful transition of power, including holding briefings with Mr. Trump’s team and coordinating with the incoming administration on the Middle East negotiations, Mr. Biden also called for a constitutional amendment to end immunity for sitting presidents. That came in response to a Supreme Court ruling last year that granted Mr. Trump sweeping protections from criminal liability over his role in trying to overturn his 2020 defeat to Mr. Biden.
Mr. Biden spoke from the Resolute desk, photos of his family visible behind him in the Oval Office. First lady Jill Biden, his son Hunter, some of his grandchildren, Ms. Harris and her husband, Doug Emhoff, sat watching.
Published – January 16, 2025 07:19 am IST
