ROBBY SOAVE: Biden’s Farewell F-You to Elon Musk.
President Joe Biden bid a not-so-fond farewell to Elon Musk, Mark Zuckerberg, and other members of the tech “oligarchy” he suddenly believes is threatening American freedoms.
“I want to warn the country of some things that give me great concern,” he said in his farewell address on Wednesday night. “And that’s the dangerous concentration of power in the hands of a very few ultrawealthy 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 freedoms, and a fair shot for everyone to get ahead. We see the consequences all across America.”
Biden went on to compare these tech oligarchs to 19th century robber barons, who were eventually brought to heel by federal legislators.
“More than a century ago, the American people stood up to the robber barons back then and busted the trusts,” he said. “We’ve got to do that again.”
As long as we can take some time off to give them the Presidential Medal of Freedom: Here’s Why Joe Biden Gave the Presidential Medal of Freedom to George Soros.
Oh, and speaking of “Robber Barons:” The Robber Barons: Neither Robbers Nor Barons.
One of the most prevalent myths about economic freedom is that it inevitably leads to monopolies. Ask people why they believe that, and the odds are high that they will point to the “trusts” of the late 19th century that gained large market shares in their particular industries. These trusts are Exhibit A for most people who hold this view. Ask them for specific names of the villains who ran these trusts, and they are likely to point to such people as Cornelius Vanderbilt and John D. Rockefeller. They even have a label for Vanderbilt, Rockefeller, and others: robber barons.
But a careful reading of the economic research on the “robber barons” leads to a diametrically opposite conclusion: the so-called robber barons were neither robbers nor barons. They didn’t rob. Instead, they got their money the old-fashioned way: they earned it. Nor were they barons. The word “baron” is a title of nobility, one typically granted by a king or established by force. But Vanderbilt, Rockefeller, and many of the others referred to as robber barons started their businesses from scratch and were granted no special privileges. Moreover, not only did they earn their money and not only were they not granted privileges, but they also helped consumers and, in one famous case, destroyed a monopoly.
Musk’s X has restored some sense of free speech after the previous Twitter regime were happy to be in bed with the FBI and CIA. And his spacecraft are making Boeing look like even more of a joke: Return of NASA astronauts from space station further delayed until late March. No wonder Biden hates him almost as much as he hates his own party’s journalists.
Related: So now Biden’s worried about the tech oligarchy?
UPDATE: “Joe Biden shuffles off the stage,” Byron York writes:
Soros, who is 94 years old, did not attend the White House ceremony. But his son Alexander Soros, who has taken over the family’s political influence operation, did. If you’ve never seen it, you should look at Alexander Soros’s Instagram page. It’s a diary of the extraordinary access he, as the son of a politically active billionaire, enjoys with leaders around the world. Just from the recent U.S. presidential campaign, the younger Soros has posted photos of himself with Biden, Harris, Tim Walz, Hillary Clinton, Bill Clinton, Josh Shapiro, Hakeem Jeffries, Mark Kelly, Gretchen Whitmer, Charles Schumer, Amy Klobuchar, Raphael Warnock, John Kerry, and more. There is no one in the Democratic Party who is unavailable to George and Alexander Soros.
So, Biden refined his allegation. It is tech billionaires — people who have built big things, as opposed to currency speculators such as George Soros — who pose the real danger to American democracy. “Americans are being buried under an avalanche of misinformation and disinformation enabling the abuse of power,” Biden said. “The free press is crumbling. Editors are disappearing. Social media is giving up on fact-checking. The truth is smothered by lies told for power and for profit. We must hold the social platforms accountable to protect our children, our families, and our very democracy from the abuse of power.”
We know that Democrats are unhappy with the policies of X since it was purchased by Elon Musk, head of Tesla and SpaceX. We know they are unhappy with Meta founder Mark Zuckerberg’s announcement that he is changing the content moderation policies of Facebook and other platforms to make them less biased. And we know that they are unhappy with Amazon chief Jeff Bezos’s management of the Washington Post, particularly his decision not to endorse a candidate — as opposed to its traditional endorsement of the Democratic nominee — in the recent presidential election.
We also know that those three — Musk, Zuckerberg, and Bezos, the three richest men in the world — have been quite open, and in the case of Musk, wildly supportive, of the return of President-elect Donald Trump to the White House. It seems odd that Biden would use the final address of a 50-year career in politics to denounce them, but that is what he did. National Review’s Rich Lowry got the sense of it when he posted: “Washington’s Farewell Address — avoid entangling alliances. Biden’s Farewell Address — I don’t like Meta’s new moderation policy.”
And Team Biden can’t be thrilled with this last minute sop to the far left being Community Noted into oblivion at Twitter/X: Breaking: Lame Duck Biden Attempts to Declare That the Equal Rights Amendment Is Ratified.
NRO’s Jeff Blehar wonders when Biden became the dictator of San Marcos with a Bananas callback:
But will the official language of Rehoboth Beach now be Swedish?