In his latest address to the nation, US President Joe Biden expressed his growing concern about the risks posed by the concentration of power in the country. This, with focus on the formation of an ‘oligarchy’ composed of the ultra-rich. Also, Biden warned that this phenomenon threatens democratic values, fundamental freedoms and opportunities for a prosperous future for all Americans.
Biden: The Threat of a Techno-Industrial Complex
Biden pointed to the presence of a ‘technology-industrial complex’ that could endanger US citizens. Although he did not name names directly, many interpreted his words as a reference to tycoon Elon Musk and former President Donald Trump.
In addition, the president highlighted the lack of control and regulation over social media, which facilitates the spread of disinformation that distorts the truth, putting the integrity of the democratic system at risk.
Another key theme of the speech was artificial intelligence (AI). Biden underlined its importance, calling it ‘the most important technology of our time’. However, he warned of the risks that this technology could pose if proper regulations are not implemented. The president warned that without appropriate safeguards, AI could threaten both the individual rights and privacy of citizens.
Economic Power Unchecked: Criticism of Trump and Musk
In his message, Biden also indirectly criticised figures such as Donald Trump and Elon Musk. Who he said belong to the economic elite that seeks to exert unchecked influence. Biden noted that ‘this’ group of powerful people seeks to eliminate key regulations, such as climate change policies, in order to protect their own financial interests.
In this regard, the president urged the public not to allow these forces to counteract the nation’s democratic and economic progress.
The President Biden concluded his speech by recalling that the fight to preserve democratic values is essential and that the future of the country must not be sacrificed for the interests of a few.
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