https://amgreatness.com/2025/01/20/bidens-so-called-oligarchs/
In his last address, Joe Biden offered a Parthian shot at “oligarchs” and the dangers these “billionaires” pose to the republic. At the same time, left-wing senators hammered Trump cabinet nominees on the grounds that they would be too complacent in the face of a supposed takeover of the country by Trump’s “billionaires” and their “oligarchy.”
Many things could be said about Biden’s farewell address, but I will limit them to three.
First, Biden was attempting to copycat the warnings of outgoing president and iconic war hero Dwight D. Eisenhower.
Some 64 years earlier—on January 17, 1961, the near day of Biden’s “farewell address,” a departing Eisenhower warned of a new “military-industrial complex” threat to the republic that had grown out of World War II and was cresting during the ongoing Cold War of the 1950s.
The fear, as Ike outlined it, was that a new small tech-corporate elite would sell the country on all sorts of expensive weapons and programs to ensure a near-permanent condition of hyper-military readiness and national insolvency.
This resulting “garrison state” would make the arms merchants and technocrats rich but also exhaust the U.S. treasury in the process. What would follow for the American people was a government octopus that demanded ever higher taxes while spending money in ways increasingly unknown or irrelevant to the public interest.
Eisenhower worried the grandees of the military-industrial complex—ex-generals revolving into defense contractor lobbyists and board members—would redefine the ancient laws of war and peace in terms of mumbo-jumbo techno-jargon. The resulting esoterica was designed to justify budget-busting defense expenditures, without enough care that the federal government would expand while the now overtaxed and overregulated citizen would be at their mercy.
Apparently, a departing Biden sought to graft his own “oligarchy” speech onto Eisenhower’s earlier blueprint.
But Ike was speaking as a successful two-term president. And he was an iconic war hero, as the architect of the successful American role in defeating Hitler—from the beaches of Normandy to the occupation of the defeated German homeland.
The postwar president Eisenhower was worried about a new world in which new nuclear-tipped missiles threatened to turn any conventional war between superpowers into nuclear Armageddon. In other words, Americans listened to Eisenhower, given his probity, gravitas, and experience—and the dangers of the new corporate-government fusion. But they have no reason to listen to Biden.