https://twitter.com/mjs_DC/status/1527009488301170688
am I reading this wrong or does it also throw out every other regulatory power ever given to federal agencies?
:this-is-fine:
Yes. All the lolbertarian psychos appointed to the courts are starting to do what they were put there to do. They're basically going towards saying the Federal Government has no power to do anything.
they're going to remember why those rules were put there when they're staring down the barrel of a revolutionary gun.
unfortunately the only ones to pray to are ourselves
It is going to be hilarious when this completely knee caps our industrial base to such a degree we can't even do empire.
mfw face when the racism factory has to shut down because the bomb factory upstream dumped radioactive waste into the river
This is the 5th circuit which is known to be crazy. So soon we will get to see just how batshit the supreme court is! On the positive side, the capitalists gutting the power of a state it looks like we will never have power over can only redound to us right?
So soon we will get to see just how batshit the supreme court is!
I wonder if this batshit 5th Circuit ruling is a trial balloon to see how insane they can get before the GOP justices say "Um... This is really too much. At least pretend that the SEC has some reason for existing." The tweet reads...
The 5th Circuit just dismantled the SEC's power to enforce securities law. This decision is beyond radical. It is nihilistic.
For the lib legal perspective - I check 4 Twitter accounts. One guy is anti-Garland and I assume he's never on tv anywhere. The other three appear on MSNBC/CNN regularly - that's why I chose them. They've entirely ignored the ruling. I'm pretty sure such legal people think of their Twitter accounts as a way for them as High Priests of the Law to explain the hows/whys of the law to us hoi polloi.
At first I was surprised they didn't mention it. But it too me just few seconds to see why. They're 100% certain the legal case will be considered nonsense by the GOP justices on the supreme court. Why tweet about nonsense? The problem is the more I think of this - the more it seems to be nothing other than a trial balloon. Trial balloons are not an official legal concept but they certainly are a de facto ones for GOP judges and justices.
The lib legal minds don't want to accept the reality that seems crystal clear to me. The 5th Circuit will simply turn the volume down from 11 and then try 10. Then 9. Then 8. And eventually the GOP justices will allow a crazy ruling to stand. It won't an 11 this-is-utter-batshit but maybe it'll be a 7.5 ruling that's still highly-toxic and destructive. Another circuits will take note - "Ah, this is how insane we can go but not higher."
sort of. it would mean that all of the regulatory agencies basically have to work the same way the department of justice in terms of enforcement.
in practice, yeah this is a broken country with a stupid broken system that even makes this nonsense possible in the first place, so it would be absolute chaos
I wonder, will SCOTUS specifically hear this case to enshrine this in law indefinitely? Or will they just passively affirm the decision by refusing to hear the case?
Accelerationist judges? In 2030 the economy will be 100% Ponzi schemes, up from the previous 75%
Working 12 hour days so I can get a receipt for a picture of a procedurally generated monkey that I can exchange for some foo— oh wait the whole exchange got taken offline
lmao I've heard some say that the US is turning into Brazil but even they have some regulations. Looks more like you're turning into Guatemala. Enjoy the mercenaries forcing you to work and schools being run by American evangelicals that teach LGBT people should be hanged.
Looks more like you’re turning into Guatemala. Enjoy the mercenaries forcing you to work and schools being run by American evangelicals that teach LGBT people should be hanged.
:foucault-shining: Oh wow, that boomerang is looking larger by the second. :foucault-madness:
Stay strong. I shit on US culture and imperialism, but I don't wish for marginalized communities there to suffer more than they already do.
Something something those that the law protects but does not bind and those that the law binds but does not protect
you'd think that, right? anyway no, if you breathe on their bugattis you're getting 40 to life
Just going back to gilded age and making the next Great Depression totally inevitable! While actively shitty it was also a time for mass radicalization and awakening class consciousness. There's nothing we can do at our individual level to fight back against this decision - only thing we can do is organize and get ready for the inevitable crash, have some alternative institutions in place and have the capacity to provide for the needs of the people.
The guy had a fraudulent penny stock fund. This is probably paving the way to prevent all the crypto scams from seeing criminal prosecution by the SEC.
Could someone in the know please translate the leagleese in the second portion of the statement? I got lost halfway at point 2 and most of 3.
2 is arguing that Congress hasn't sufficiently defined the powers of the SEC, thereby giving it an illegal power to "legislate" for itself. I think 3 is saying the President needs more power to appoint and dismiss SEC judges (i.e. restrictions on the removal of the judges impedes on Prez's responsibility to take care that the laws be faithfully executed).
We don't have a democracy, though. The US is an oligarchic dictatorship and... probably always has been? Democracy only applies at the lowest levels of government, and those levels of government have no say over anything the higher levels do.
I gotcha. Also, what was I thinking? No one directly voted in the "corporations are above the law" act.
The problem with technocracy is the same as with meritocracy, namely that the name is just propaganda and it's just actually just nepotism and oligarchy. Like the technocracy in the US government is not rule by informed parties but rather some cold blooded ghoul holding up a chart made by their golf buddy's large adult son at some oligarch-funded think tank with a name like "the Freedom, Economy, and Environment Trust" that argues for expanding prison slavery into the coal industry to stimulate the economy and fight climate change or some equally absurd shit.
I see, glad I got to learn that the easy way.
But I still wish that there was more "genuine" evidence involved in decisionmaking instead of that large adult son and his charts.
HOW CAN ALL LEGISLATIVE POWER NOT INCLUDE DELEGATING POWER YOU FUCKING MORONS
