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President Joe Biden gave a farewell address from the Oval Office Wednesday evening that focused at least as much on the dangers he saw ahead for America as his own accomplishments in office. The 17-minute speech was a capstone to Biden’s 50 years in public service, days before he hands power to a president-elect he has called an “existential threat” to democracy.

Biden warned that the “dangerous concentration of power in the hands of a very few ultra-wealthy people” was leading toward an American “oligarchy” that “literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead.” He was “equally concerned about the potential rise of a tech industrial complex,” as unchecked social media giants leave Americans “buried under an avalanche of misinformation and disinformation, enabling the abuse of power.”

Biden “did not explicitly name” Donald Trump in his speech, the New York Times said, but his caution “went directly to the tension at the center of the incoming administration, in which billionaires like Elon Musk are placed to wield great influence. “Musk, Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos have “top-notch seats” throughout the nominees in the closet at Trump’s inauguration platform on Monday, illustrating the “deep ties” between the tech titans dealing with favor and the incoming administration, the Washington Post said. And Trump’s workplace is “planned to be the richest organization of presidential advisers in the history of fashion. “

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Peter has worked as an editor of News and Culture on a Weekly Foundation since the launch of the site in 2008. Cover the politics, global issues, faith and cultural currents. His journalism career began as an editor in a monetary doubt and included editorial positions in the New York Times, Dose data and the Oregon State University.