Biden, in his farewell speech, assured that in the United States “an oligarchy is brewing”

The president of the United States, Joe Biden, assured this Wednesday, in his farewell speech just five days before Donald Trump takes office, that “an oligarchy is brewing” in your country.

“Right now, an oligarchy is being created in the United States built on a extreme concentration of wealth, power and influence“said Biden from the Oval Office of the White House.

The outgoing president confessed to being “deeply concerned” about what he defined as a “dangerous concentration of power in the hands of a few ultra-rich individuals.”
“If the abuse of that power is not stopped now, the consequences will be serious,” he added in his speech.

(Read also: Reactions in Colombia to Biden’s decision to remove Cuba from “countries that sponsor terrorism”
)

This emerging oligarchy – Biden warned – “directly threatens our democracy, fundamental rights and freedoms, and equal opportunities for all to advance.”

Biden, 81, he said goodbye with this speech after serving a single term in the White House that will remain in history encapsulated between the two periods of Donald Trump, whom he did not mention this Wednesday, but to whom he alluded at several points.

“The president’s power is not unlimited, it should not be, and in a democracy, the concentration of power and wealth also represents a great danger,” he said.

“It undermines – he added – the sense of unity and common purpose, generates distrust and division. Participating in our democracy becomes exhausting, even disillusioning, and people feel like they don’t have opportunities.”

“The seeds are planted and they will bear fruit,” Biden said

Biden also took advantage of this opportunity, one of the last he will have to speak in public as president, to take stock of his management in the last four years.

“We know it will take time to feel the true impact of everything we have achieved together, but The seeds are planted, and in time they will grow and bear fruit for decades,” he said.

Biden cited job creation, Gaza ceasefire agreement, the strengthening of NATO, catching up on competition with China and “much more.”

The president, who will hand over command to Trump next Monday, January 20, called on the American people to “be guardians” and “keep the faith” in the country.

“I still believe in the idea why this nation exists, a nation where the strength of our institutions and the character of our people matter and must endure,” he said.

“Now It is your responsibility to be on call. May you all be the keepers of the flame. Let them keep the faith,” he said.