Biden's farewell speech warning that oligarchs pose a threat to democracy has echoed a growing problem in the world, economic and historical experts say.

President Biden in his farewell address to the nation warned of a growing oligarchy in the country. The Morning Joe panel discusses concern about oligarchs and the rise of billionaires.

In his farewell address to the nation, President Biden issued a stark warning about an oligarchy he says is "taking shape in America." The speech sparked curiosity across the country, with Google searches for the term "oligarchy" skyrocketing.