oligarchy

What is an oligarchy? Biden warned of oligarchy forming in U.S.

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On Jan. 20, President Donald Trump was officially inaugurated and sworn into office. The three wealthiest people in the world, Elon Musk, Jeff Bezos and Mark Zuckerberg, sat side-by-side in the front row at Trump’s inauguration ceremony. The high concentration of wealth seated in the front row of the Presidential Inauguration has caused concern, the … Read more

Biden warns of tech oligarchy; who are the richest Americans?

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In President Joe Biden’s farewell speech Wednesday, he warned of the dangers of an oligarchy of the rich gaining power. “Today, an oligarchy is taking shape in America of extreme wealth, power and influence that really threatens our entire democracy, our basic rights and freedom,” said Biden. Biden, 82, referred to these billionaires as a … Read more