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Lifestyle
Benjamin T. Jones, Senior Lecturer in History, CQUniversity Australia

What is an oligarchy, and is the United States poised to become one?

Joe Biden United States Aristotle Donald Trump Democracy Martin Gilens Vladimir Putin Australia America

In his farewell address, outgoing US President Joe Biden warned “an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy”.

The comment suggests that, under Donald Trump’s second term as president, it will be billionaires rather than the people who shape public policy.

There is certainly some evidence Biden’s ominous caution should be taken seriously. The world’s richest man and the owner of X, Elon Musk, has been a vocal supporter of the Republican candidate. Other billionaire tech moguls to visit Trump at his Mar-a-Lago mansion after his 2024 election victory include Meta’s Mark Zuckerberg, Amazon’s Jeff Bezos, Apple’s Tim Cook and Google chief executive Sundar Pichai.

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