Washington, Jan 16 (V7N)- In his farewell address on Wednesday (January 15), President Joe Biden issued a stark warning about the rise of a "dangerous" capitalist system in the United States, marking the conclusion of his long political career.

Speaking from the Oval Office alongside his family, the 82-year-old Democratic leader expressed concerns over growing disparities in wealth and power, particularly among the elite in the technology industry. He highlighted how these developments pose a threat to democracy, fundamental rights, and freedoms in America.

Key Highlights of Biden's Speech

  1. Tech-Industrial Complex:
    Biden criticized the overwhelming influence of tech giants, stating they wield disproportionate power capable of controlling the lives of Americans.

  2. Climate Change and Vested Interests:
    He lamented efforts by powerful groups to undermine climate crisis initiatives for personal gain, emphasizing the long-term importance of combating climate change.

  3. Misinformation Crisis:
    Biden warned of a "tsunami" of false and misleading information inundating Americans, facilitated by social media platforms. He specifically criticized Meta for removing independent fact-checkers, arguing this enables the spread of lies for profit and power.

  4. Ceasefire Agreement Between Israel and Hamas:
    Biden highlighted the significance of the recently brokered ceasefire agreement, describing it as one of the most challenging diplomatic efforts of his career. The ceasefire is set to take effect on January 19, a day before Donald Trump assumes office.

Trump’s Claims

Incoming President Donald Trump has also taken credit for the Israel-Hamas agreement, asserting it was made possible by his election victory.

Biden’s Final Call

Biden concluded his speech by urging Americans to uphold democratic values and serve as torchbearers for the nation's future. He acknowledged that the full impact of his administration’s efforts may take years to manifest but expressed optimism for the country's trajectory.

This farewell address marks the end of an era, leaving the nation to grapple with the warnings and hopes of a leader closing the chapter on a decades-long career in public service.

END/MSS/AJ