Biden described a “dangerous concentration of power in the hands of a very few ultra-wealthy people and the dangerous consequences if their abuse of power is left unchecked”.
“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedom, and a fair shot for everyone to get ahead,” Biden said.
www.theguardian.com
“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedom, and a fair shot for everyone to get ahead,” Biden said.

What is an oligarchy and is Biden right to call it a threat to US democracy?
Ultra-rich individuals are associating with Donald Trump as he ascends to the presidency for his second time