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The Guardian - US
The Guardian - US
World
Victoria Bekiempis

What is an oligarchy and is Biden right to call it a threat to US democracy?

Donald Trump Joe Biden United States Democracy Elon Musk Jeff Bezos Mark Zuckerberg Inequality Amazon
three man standing
Jeff Bezos of Amazon, Sundar Pichai of Google and Elon Musk of Tesla/SpaceX/X attend Trump’s inauguration on Monday. Photograph: Shawn Thew/UPI/REX/Shutterstock

Joe Biden delivered an ominous message to Americans in his 15 January farewell address, warning that a privileged few could soon be poised to wield enormous power in the US.

Biden described a “dangerous concentration of power in the hands of a very few ultra-wealthy people and the dangerous consequences if their abuse of power is left unchecked”.

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