Biden raises alarm over ‘dangerous concentration of power’ among wealthy few in US Reuters

WASHINGTON (Reuters) – Outgoing U.S. President Joe Biden said on Wednesday he was concerned about a “dangerous concentration of power” among a few wealthy people in the United States.

“There is an oligarchy of extreme wealth, power and influence taking shape in America today that really threatens our entire democracy, our basic rights and freedoms and fair opportunities for all to thrive,” Biden said in his farewell address from the Oval Office. .