Anyway, we're in such a new era.

ㅣBiden just formalized the word, which many business figures were reluctant to do a little while ago.

In other words, the threat of "Oligarchy" is growing in the United States. In a speech to the American people before the end of his term, he left a warning that "their wealth and power threaten our entire democracy."

It can be said that it was around 2016-2017 that the term "big tech" became "unofficial." Just as Kara Swisher and Scott Galloway called previously powerful oil companies "Big Oil" due to concerns about Google, Amazon, Facebook, and Apple's growing influence, the name naturally came to be.

However, their influence is so great and strong that it cannot be compared to what Big Oil used to have. It can be said that we are cultivating their wealth every moment by using various digital products and devices they have made, and most of all, social media.

Of course, it was done in accordance with the operating principles of capitalism. However, it is true that the power of those who created a system of concentration of technology and wealth that cannot be set by law has already grown too much. It is now not a 'big tech' with limited power, but it has become something beyond it, but it was a difficult situation to name.

Biden's speech is the official name of the speech. In other words, the term "Tech-Industrial Complex," which can be described as a combination of technology and industry, seems appropriate. I think the term "Oligarchy" may become a symbol of American Tech Oligarchy.

Biden can't walk out with more applause, but I think he's the last thing the president of the United States can do.

Anyway, we're in such a new era.