— In America there is an oligarchy that has large wealth, power and influence, which virtually threatens all our democracy, our fundamental rights and freedoms, and opportunities for all human being. “Biden said in a tv message, referring to the “concentration of power in the hands of very fewer ultrarich people” which he thought could lead to allowing them to have unlimited power.
Biden compared the current situation to the 1 from the turn of the 19th and 20th centuries and the then power of the monopolist industrialists and appealed to president Eisenhower's informing of the "military-industrial complex" and its influence on politics.
Joe Biden warns against misinformation
— Six decades later, I am equally afraid about the possible growth of the technological and industrial complex. It can besides pose a real threat to our country. Americans are buried under an avalanche of misinformation that allows abuse of power. Free press is falling apart [...] Social media quit checking facts. The fact is suppressed by lies full of power and profit," said Biden.
